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Speculating on health: public health meets finance in 'health impact bonds'

机译:关于健康的推测:公共健康在“健康影响债券”中符合财务要求

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Where modern public health developed techniques to calculate probability, potentiality, risk and uncertainty, contemporary finance introduces instruments that redeploy these. This article traces possibilities for interrogating the connection between health and financialisation as it is arising in one particular example - the health impact bond. It locates the development of this very recent financial innovation in an account of public health's role within governance strategies over the 20th century to the present. We examine how social impact bonds for chronic disease prevention programmes bring two previously distinct ways of thinking about and addressing risk into the same domain. Exploring the derivative-type propertiesicipants in health interventions. How public health techniques for of health impact bonds elucidates the financial processes of exchange, hedging, bundling and leveraging. As tools for speculation, the functions of health impact bonds can be delinked from any particular outcome for partknowing and acting on risks to population health will contest, rework or be subsumed within finance's speculative response to risk, is to be seen.
机译:在现代公共卫生开发了计算概率,潜力,风险和不确定性的技术的地方,当代金融引入了重新部署这些技术的工具。本文探讨了询问健康与金融化之间的联系的可能性,因为在一个特定的例子中-健康影响纽带正在出现。它以公共卫生在20世纪至今的治理策略中的作用为基础,来定位这一最新的金融创新的发展。我们研究了用于慢性病预防计划的社会影响纽带如何将以前考虑和解决风险的两种截然不同的方式带入同一领域。探索卫生干预措施中的衍生物型特性参与者。用于健康影响债券的公共卫生技术如何阐明交换,对冲,捆绑和杠杆化的财务流程。作为投机工具,可以将健康影响纽带的功能与任何特定结果脱钩,以了解和采取行动应对人口健康风险,这些竞争将导致竞争,返工或被纳入金融对风险的投机性反应之中。

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