<
https://theconversation.com/corporatisation-of-healthcare-is-on-the-rise-in-nz-with-likely-impacts-on-access-and-quality-of-services-286641>
"The government’s legislative overhaul of New Zealand’s health system, passed
this month, makes “timely access to quality healthcare” a core statutory
purpose.
The
Healthy Futures (Pae Ora) Amendment Act removes previous provisions that
focused on engaging with and meeting the needs of Māori and places a stronger
emphasis on health targets and the outsourcing of care to private providers.
Behind this new instruction to Health New Zealand to work with private
healthcare providers lies the reality that private-equity owned corporations
are already playing an ever-increasing role in the healthcare system.
For example, an estimated quarter of general practices are now owned by large
corporates such as Tāmaki Health and Green Cross Health.
Community laboratory testing is dominated by private services, with one
corporate alone, Awanui, accounting for about three quarters of community
testing. Similarly, about a fifth of dental services are owned by corporates.
In healthcare, as elsewhere, the form of ownership matters a great deal.
Private equity corporations use capital from institutional investors and from
wealthy individual investors, along with high levels of debt, to buy healthcare
services.
There are implications of increased corporate ownership for both access to and
quality of healthcare services."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
