Capitalism's Game
Changing Role in Healthcare
Using my insights from Sunrise Day Camp for children with cancer and their siblings, I analyzed the connection between capitalism and healthcare.
My findings spotlighted the transformative power of unified investment strategies in the healthcare sector.
By intertwining capitalism's benefits with the principles of social justice, I advocate for equal access.
Dedicated to aligning the benefits of capitalism with the goals of social justice, aiming for excellent healthcare for everyone.
My Inspiration
Working at Sunrise Day Camp, one of my jobs as a head counselor was to take the attendances of the campers and make sure they have everything needed for the camp day such as lunches and clothes for swimming. In doing this job everyday, I began to notice a trend. The campers on active cancer treatment often could not afford to bring lunches to camp or clothes to change in for swimming. I began to realize why. The parents of these sick children often had to leave their jobs to take care of their child and had to pay for the medical pills of cancer treatment on top of this, putting them in a large financial struggle. This is why I embarked on my research: to find a way to create a more financially accessible and better quality healthcare system through public-private partnerships.
My Research
I delve into the interplay between public and private financial sectors to enhance healthcare accessibility. This study examines capitalist methodologies designed to ease the financial strain on economically disadvantaged families seeking healthcare.
Key mechanisms like Subsidized Medical Insurance are highlighted, demonstrating how government and private insurance collaborations can support health premiums for low-income families. The Community Health Funds concept is also presented, detailing a model where both government and private entities contribute to a pool that financially burdened families can tap into for medical assistance.
Moreover, my research illustrates that capitalist strategies not only alleviate financial challenges but also improve care quality. Inherent in capitalism is the lure of significant investment returns. Thus, in such an economy, private firms are driven to invest more in medical innovations, expecting substantial returns. A prime example is the evolution of Car T cell therapy, a groundbreaking cancer treatment. Motivated by potential financial rewards and a bolstered reputation, global healthcare company Novartis invested heavily in research, leading to the FDA's approval of Kymriah—a pioneer in CAR T-cell therapy.