Health Sciences 1002A/B Lecture Notes - Lecture 6: Neoliberalism, Private Good, Free Market

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The political economy of health and health care. Neoliberalism is comprised of three principles: individualism, free market via privatization and deregulation, and decentralization (the basic premise of this article is that national health care policy is currently being reshaped based on the neoliberal world view). Social policy is a means by which a society protects and enhances human life and dignity. Health care is often considered one of the three pillars of social policy, along with education and social welfare/income security. In a publically funded health care system, the key delivery mechanisms are hospitals, health care professionals and public expenditure. Domestic policy reforms, including reform of the health care system, are compelled to take into account the global factors influencing their design and implementation. One such factor is the neoliberal mindset shaping globalization in the 21st century. The result is cuts to social spending, including health care.

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