An Ethical Analysis of the Medical Industrial Complex and its Failures
Publication Date
2021
Start Date
21-8-2021 10:45 AM
End Date
21-8-2021 11:10 AM
Moderator
Asmerom Ghirmai
Description
The American medical-industrial complex thrives in an economic ecosystem that prioritizes corporate self-interest and profits over the health and well-being of people. The American capitalist environment rewards doggish pursuits of maximized profits that result in failures of care for the people served by this healthcare system. Three major sectors of the medical-industrial complex identified are insurance, hospital, and pharmaceutical corporations. Each sector continues to gain incredible power and influence to the detriment of the people of the United States. The problems generated by the medical-industrial complex becomes even clearer when examined through the lens of multiple ethical frameworks for instance , deontology, contractarianism, Aristotelian virtue ethics, and utilitarianism. Fortunately, a path towards a more ethical and equitable healthcare system has been identified. Observing the same ethical frameworks, it is possible to provide adequate healthcare for all while maintaining quality and affordability.
An Ethical Analysis of the Medical Industrial Complex and its Failures
The American medical-industrial complex thrives in an economic ecosystem that prioritizes corporate self-interest and profits over the health and well-being of people. The American capitalist environment rewards doggish pursuits of maximized profits that result in failures of care for the people served by this healthcare system. Three major sectors of the medical-industrial complex identified are insurance, hospital, and pharmaceutical corporations. Each sector continues to gain incredible power and influence to the detriment of the people of the United States. The problems generated by the medical-industrial complex becomes even clearer when examined through the lens of multiple ethical frameworks for instance , deontology, contractarianism, Aristotelian virtue ethics, and utilitarianism. Fortunately, a path towards a more ethical and equitable healthcare system has been identified. Observing the same ethical frameworks, it is possible to provide adequate healthcare for all while maintaining quality and affordability.