Concept information
Preferred term
medical-industrial complex
Definition
- ‘A large and growing network of private corporations engaged in the business of supplying healthcare services to patients for profit – services hitherto provided by non-profit institutions or individual practitioners’. At the base of this complex is the corporate ownership of hospitals, and the interlocking ownership and production of technological and diagnostic machinery. This vertical integration of hospital ownership and horizontal integration of technological goods and services has been facilitated by neoliberal governments who assume, against the evidence, that private market initiatives are more efficient than state supplied services (Relman, A. (1980) ‘The new medical-industrial complex,’ New England Journal of Medicine, 303: 963–70) (corporatization; neoliberalism; privatization). [Source: The Sage Dictionary of Health and Society; Medical-Industrial Complex]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/medical-industrial_complex
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