The Financialization of Healthcare: A Comprehensive Analysis of Its Rise, Impacts, and Contested Future
The rise of financialization in healthcare represents a profound and multifaceted transformation of the U.S. health system, moving beyond traditional corporatization and privatization to introduce a new, distinct logic of operation. This process involves the conversion of healthcare entities—from hospitals and nursing homes to physician practices and medical device manufacturers—into marketable and tradable assets from which the financial sector can accumulate capital. At its core, financialization subordinates the primary mission of patient care and public health to the demands of external financial markets for short-term profit growth and the maximization of shareholder value.
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