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Medicine and Endocrine, I never imagined that I would end up being compared to a Coke bottle.
Global Standards in Healthcare
Shoaib Mohammad
26
NOVEMBER 7, 2015
vol l no 45
EPW
COMMENTARY
EPW
NOVEMBER 7, 2015
COMMENTARY
reach $200 billion by 2020 (Healthcare Industry in India 2014). The industrial houses seem to be following
the United States (US) healthcare model
blindly with many scions of these
family-owned firms trained at US
business schools. Nearly 40 years ago,
J B McKinlay (1978) was concerned
about the entry of similar capital in the
US. He observed:
The industrial and financial capital institutions in medical care impose the same
logic (profitability through expansion)
on this field that they have been doing in
other sectors of the economy since around
the turn of the century. Their presence
has ramifications at all levels. Among
other things, it fosters fetishization of illness through an increased and intensified
sales effort.
NOVEMBER 7, 2015
vol l no 45
EPW