IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-03111660.html

Public health systems in the age of financialization: lessons from the French case
[Les systèmes de santé publique à l'ère de la financiarisation : les leçons du cas français]

Author

Listed:
  • Ana Carolina Lot Canellas Cordilha

    (CEPN - Centre d'Economie de l'Université Paris Nord - UP13 - Université Paris 13 - USPC - Université Sorbonne Paris Cité - CNRS - Centre National de la Recherche Scientifique)

Abstract

Public Health Systems (PHS) are under continuous transformation in line with economic, political, and ideological changes in capitalist economies. The current stage of capitalism is underpinned by the process of financialization, meaning an increasing dominance of financial actors, markets, practices, measurements, and narratives over other agents, including the State. This article examines how financialization has been reshaping PHS, with an in-depth study of the French case. First, we suggest how to incorporate the concept of financialization into the research on PHS transformation. We then apply this concept to reassess the trajectory of the French system from the 1990s onwards. We show the increasing participation of financial capital for long-term, short-term, and infrastructure financing, occupying roles previously fulfilled by the public sector. We then discuss how the adoption of financialized strategies led to shifts in how public actors behave, and the potentially adverse effects for solidarity, stability, and democratic participation.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Ana Carolina Lot Canellas Cordilha, 2021. "Public health systems in the age of financialization: lessons from the French case [Les systèmes de santé publique à l'ère de la financiarisation : les leçons du cas français]," Post-Print hal-03111660, HAL.
    • Handle: RePEc:hal:journl:hal-03111660
    DOI: 10.1080/00346764.2020.1870710
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a
    for a similarly titled item that would be available.

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Chubarova, T., 2025. "Financialization of healthcare: A promising solution or a new problem?," Journal of the New Economic Association, New Economic Association, vol. 69(4), pages 286-293.
    2. Laura Alles & Samuel Klebaner, 2025. "The social construction of the French for-profit hospital market," Review of Evolutionary Political Economy, Springer, vol. 6(2), pages 299-323, July.
    3. Thereza Balliester Reis, 2025. "Financialisation of everyday life in the Global South – A study about low-income Brazilian workers," Working Papers 268, Department of Economics, SOAS University of London, UK.
    4. Philippe Batifoulier & Eve Chiapello & Nicolas Da Silva & Robert McMaster, 2025. "Health capitalism and financialization of healthcare. Introduction," Review of Evolutionary Political Economy, Springer, vol. 6(2), pages 249-272, July.
    5. D'Amato, Valeria & Di Lorenzo, Emilia & Piscopo, Gabriella & Sibillo, Marilena & Trotta, Annarita, 2024. "Insurance business and social sustainability: A proposal," Socio-Economic Planning Sciences, Elsevier, vol. 93(C).
    6. Thereza Balliester Reis & Vincent Mugo Kamau, 2023. "Are low-income workers financially irresponsible? An analysis of financial and accounting practices in Nairobi," Working Papers 260, Department of Economics, SOAS University of London, UK.
    7. Bo Li & Manuel B Aalbers & Jie Chen & Sebastian Kohl, 2025. "Managing overaccumulation: China’s new affordable rental housing programme and its financialization through REITs," Environment and Planning A, , vol. 57(8), pages 1069-1095, November.
    8. Balliester Reis, Thereza & Kamau, Vincent Mugo, 2025. "Are low-income workers financially irresponsible? Analysing financial literacy and over-indebtedness in Nairobi," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 102(C).
    9. Cordilha, Ana Carolina, 2026. "Transformations dans le financement de la protection sociale à l'ère du capitalisme financiarisé : Une analyse du cas français [Transformation in social protection financing in the era of financialized capitalism: An analysis of the French case]," MPRA Paper 128653, University Library of Munich, Germany.
    10. Lena Lavinas & Lucas Bressan & Pedro Rubin & Ana Carolina Cordilha, 2023. "The financialization of social policy [La financiarisation de la politique sociale]," Post-Print hal-04579780, HAL.
    11. Antoine Leymarie, 2025. "To sell or not to sell? The financialization of French medical professions: the case of medical biologists and radiologists," Review of Evolutionary Political Economy, Springer, vol. 6(2), pages 325-352, July.
    12. Kihlström, Laura & Keskimäki, Ilmo & Paananen, Henna & Paatela, Satu & Satokangas, Markku & Tynkkynen, Liina-Kaisa, 2025. "How is a large-scale reform perceived by citizens in Finnish primary health care?," Social Science & Medicine, Elsevier, vol. 387(C).
    13. Fletcher Baragar, 2025. "Books Received (as of March 2025)," Review of Radical Political Economics, Union for Radical Political Economics, vol. 57(1), pages 134-138, March.
    14. Hanna Szymborska & Janusz Szymborski, 2025. "Public health outcomes and the neoliberal health system in Poland," Review of Evolutionary Political Economy, Springer, vol. 6(2), pages 405-424, July.
    15. Cyril Benoît, 2023. "The regulatory path to healthcare systems’ financialization," Post-Print hal-04220439, HAL.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:hal-03111660. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.