The provision of medicines in Brazil is marked by the predominance of private expenditures and supply in pharmacies and by the historically liberal regulation of retail drug sales. The first two decades of the 21st century witnessed the expansion and concentration of the retail pharmaceutical sector and growing financialization of the health sector. The article analyzes the characteristics of financialization of Brazilian retail pharmaceutical companies, considering the following three crosscutting dimensions: ownership structure, financial/accounting, and political. Quantitative and qualitative data from various sources were analyzed including ownsership and account informations of the ten biggest Brazilian retail pharmacies chains and political action of four business associations. The information collected was stored in the source project database. The ownership structure dimension revealed verticalization, diversification, capitalization via financial and shareholding operations, intensification of mergers and acquisitions, opening of pharmacy branches, entry of investors, and changes in internal management and organization. The financial/accounting dimension revealed an increase in size (revenues, assets, net worth) and good performance (return on equity capital, capital turnover, and third-party capital) of the networks compared to Brazilian companies and health companies. The policy arena revealed both clashes and collaborations between representative associations and government (Executive, Legislative, and Judiciary), depending on the issue, with outcomes that were generally favorable to the pharmaceutical sector and leadership by the Brazilian Association of Pharmacy and Drugstore Networks (Abrafarma). The financialization of the retail pharmaceutical companies’ accumulation pattern and the strengthening of their political action proved relevant for understanding the changes in the provision of medicines and in the pharmaceutical market.

This study aims to analyze the shareholding dimension of changes in companies and corporate groups in the Brazilian health sector from 2008 to 2017. The idea was to understand the strategies of accumulation in a context of financialization, defined as a systemic pattern of wealth in contemporary capitalism. The shareholding changes were submitted to descriptive and exploratory analysis based on different sources. We studied 58 companies from the subsectors of health plans, pharmacies, hospitals, diagnostics, pharmaceutical industry, and social organizations. Data were collected on the legal structure, ownership, and control, equity operations, and economic and patient care activities. Despite the heterogeneity of the companies and their strategies, the results point to an increase in the presence of domestic and international investors, changes in internal organization, capital, financing, and diversification of activities. The companies that stood out were actively pursuing capitalization via foreign investments, purchase and share of assets and shares, and mergers and acquisitions, accelerating the process of expansion, accumulation, and shareholding and financial appreciation. The result is an increase in capital flows and growing integration of economic and patient care structures in the Brazilian health sector with financial circuits, thereby linking peripheral intermediate companies to an expanded process of accumulation under financial dominance. The findings corroborate striking aspects of corporate dynamics in financialization that increasingly influence health systems in Brazil and the world.

This study aims to analyze the shareholding dimension of changes in companies and corporate groups in the Brazilian health sector from 2008 to 2017. The idea was to understand the strategies of accumulation in a context of financialization, defined as a systemic pattern of wealth in contemporary capitalism. The shareholding changes were submitted to descriptive and exploratory analysis based on different sources. We studied 58 companies from the subsectors of health plans, pharmacies, hospitals, diagnostics, pharmaceutical industry, and social organizations. Data were collected on the legal structure, ownership, and control, equity operations, and economic and patient care activities. Despite the heterogeneity of the companies and their strategies, the results point to an increase in the presence of domestic and international investors, changes in internal organization, capital, financing, and diversification of activities. The companies that stood out were actively pursuing capitalization via foreign investments, purchase and share of assets and shares, and mergers and acquisitions, accelerating the process of expansion, accumulation, and shareholding and financial appreciation. The result is an increase in capital flows and growing integration of economic and patient care structures in the Brazilian health sector with financial circuits, thereby linking peripheral intermediate companies to an expanded process of accumulation under financial dominance. The findings corroborate striking aspects of corporate dynamics in financialization that increasingly influence health systems in Brazil and the world.

The article describes the history of the response to the theoretical and methodological challenges in research on companies and corporate groups in the Brazilian health sector that reorganized their shareholding structures, diversified their activities, and expanded their financial operations. Such movements in corporate concentration and expansion were analyzed with an approach to the frame of reference for financialization in contemporary capitalism in the analysis of selected companies and corporate groups. Corporate strategies were classified in three dimensions: shareholding, financial, and accounting structure and influence on the public agenda and the respective indicators orienting the organization of information from diverse sources for companies and corporate groups from 2008 and 2017. The study provides a profile of the intense and complex process of corporate reorganization in the health sector. Still, the study’s exploratory design and difficulties in access to information and selection of companies and corporate groups mean that the observations are necessarily preliminary.

The article describes the history of the response to the theoretical and methodological challenges in research on companies and corporate groups in the Brazilian health sector that reorganized their shareholding structures, diversified their activities, and expanded their financial operations. Such movements in corporate concentration and expansion were analyzed with an approach to the frame of reference for financialization in contemporary capitalism in the analysis of selected companies and corporate groups. Corporate strategies were classified in three dimensions: shareholding, financial, and accounting structure and influence on the public agenda and the respective indicators orienting the organization of information from diverse sources for companies and corporate groups from 2008 and 2017. The study provides a profile of the intense and complex process of corporate reorganization in the health sector. Still, the study’s exploratory design and difficulties in access to information and selection of companies and corporate groups mean that the observations are necessarily preliminary.

The provision of medicines in Brazil is marked by the predominance of private expenditures and supply in pharmacies and by the historically liberal regulation of retail drug sales. The first two decades of the 21st century witnessed the expansion and concentration of the retail pharmaceutical sector and growing financialization of the health sector. The article analyzes the characteristics of financialization of Brazilian retail pharmaceutical companies, considering the following three crosscutting dimensions: ownership structure, financial/accounting, and political. Quantitative and qualitative data from various sources were analyzed including ownsership and account informations of the ten biggest Brazilian retail pharmacies chains and political action of four business associations. The information collected was stored in the source project database. The ownership structure dimension revealed verticalization, diversification, capitalization via financial and shareholding operations, intensification of mergers and acquisitions, opening of pharmacy branches, entry of investors, and changes in internal management and organization. The financial/accounting dimension revealed an increase in size (revenues, assets, net worth) and good performance (return on equity capital, capital turnover, and third-party capital) of the networks compared to Brazilian companies and health companies. The policy arena revealed both clashes and collaborations between representative associations and government (Executive, Legislative, and Judiciary), depending on the issue, with outcomes that were generally favorable to the pharmaceutical sector and leadership by the Brazilian Association of Pharmacy and Drugstore Networks (Abrafarma). The financialization of the retail pharmaceutical companies’ accumulation pattern and the strengthening of their political action proved relevant for understanding the changes in the provision of medicines and in the pharmaceutical market.

ABSTRACT This case study presents the social movement ‘Not One Health Service Less’ (NSSM) on the defence of the universal right to public health in Rio de Janeiro, Brazil. NSSM is a horizontal front formed by health social movements, unions, activists, workers and users of public health system. The movement uses multiple strategies like local mobilizations, street protests, social networks, strikes, among others. NSSM rises as a response to attacks of the municipal public administration to local health services of the Unified Health System (SUS), in a national context of economic and political crisis. There were budget cuts at Primary Health Care services, dismissals, delays in wages payments, medicines and supplies shortages. The movement was analyzed considering the challenges of social mobilization in times of precarious work conditions and public services precariousness under neoliberalism. We also discuss about new forms of social movement organization, linking it to the trajectory of Brazilian healthcare reform. The ability to create synergies between health workers demands and the defence of a strong and inclusive universal healthcare system is the strongest potentiality of the movement, while activating solidary links between health services, workers and different territories.

ABSTRACT This case study presents the social movement ‘Not One Health Service Less’ (NSSM) on the defence of the universal right to public health in Rio de Janeiro, Brazil. NSSM is a horizontal front formed by health social movements, unions, activists, workers and users of public health system. The movement uses multiple strategies like local mobilizations, street protests, social networks, strikes, among others. NSSM rises as a response to attacks of the municipal public administration to local health services of the Unified Health System (SUS), in a national context of economic and political crisis. There were budget cuts at Primary Health Care services, dismissals, delays in wages payments, medicines and supplies shortages. The movement was analyzed considering the challenges of social mobilization in times of precarious work conditions and public services precariousness under neoliberalism. We also discuss about new forms of social movement organization, linking it to the trajectory of Brazilian healthcare reform. The ability to create synergies between health workers demands and the defence of a strong and inclusive universal healthcare system is the strongest potentiality of the movement, while activating solidary links between health services, workers and different territories.

Abstract Undergraduate studies in the fields of health are currently being debated regarding the need for change in their syllabuses concerning the principles of the Brazilian Unified Health System, among other topics. Overcoming the operational and technicist education and expanding the critical thinking abilities of the students about the historical and political determinations of health are among the challenges highlighted. The article analyzes the teaching/learning process with a critical perspective based on the Historical and Political Education Course for Undergraduate Health Students, an extension semi-virtual course offered nationally, and supported by the National Policy for Popular Education in Health within the Unified Health System. In the present article, we analyzed the experiences brought about by the course, which took place between March and December 2014. The development of the course was based on the theoretical and methodological conceptions of the construction of shared knowledge, guided by the field of Popular Education and Health. The article presents: the history and the process of development of the course, the political and pedagogical project, the educational and pedagogical materials, and the contributions and questions, with notes on the potential future implications in educational processes in the field of health.

Abstract Undergraduate studies in the fields of health are currently being debated regarding the need for change in their syllabuses concerning the principles of the Brazilian Unified Health System, among other topics. Overcoming the operational and technicist education and expanding the critical thinking abilities of the students about the historical and political determinations of health are among the challenges highlighted. The article analyzes the teaching/learning process with a critical perspective based on the Historical and Political Education Course for Undergraduate Health Students, an extension semi-virtual course offered nationally, and supported by the National Policy for Popular Education in Health within the Unified Health System. In the present article, we analyzed the experiences brought about by the course, which took place between March and December 2014. The development of the course was based on the theoretical and methodological conceptions of the construction of shared knowledge, guided by the field of Popular Education and Health. The article presents: the history and the process of development of the course, the political and pedagogical project, the educational and pedagogical materials, and the contributions and questions, with notes on the potential future implications in educational processes in the field of health.