by Peter Koenig, Lew Rockwell:
“Health Inc” – is a new term coined for the conglomerate combined health sector which is the aggregated global health economy: public and private hospitals, clinics, pharmaceuticals, including new drugs, for example, so-called Smart Payloads (for Robotic Pills and Capsules), devices (especially, for new robotic surgery), insurance, long-term care, public health administration, and supply chains. They all work hand in hand and in a well-coordinated fashion, so as to create one single sector with an enormous political weight and lobbying power.
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“Health Inc” is a compulsory growth engine, poised to grow faster than any other sector as a share of GDP in the West, with the only close rivals being defense and finance, both of which face structural limits that health does not.
“Health Inc” is the world’s largest single sector, not even rivaled by defense (war) and finance (banking).
The aggregate health sector, or health economy, account for
- Global GDP share: ~10% (~$10–11 trillion/year) – [data WHO, World Bank, others]
- United States: ~17.2% of GDP (2024), projected to reach ~20% by 2033 – [ACDIS = Association of Clinical Documentation Integrity Specialists; others].
- OECD average: ~9.3% of GDP; major European systems at 10–12%.
Health Inc is the largest single sector in advanced economies by GDP share, exceeding manufacturing, finance, and defense combined.
This alone gives the sector an enormous power, especially in the United States where Health Inc. controls roughly a fifth of the economy.
With power comes dishonesty leading to a “scam-culture” which humanity is experiencing on a daily basis – and ever more. Shall be mentioned just COVID – and other fear-provoking “threats” from authoritarian institutions, WHO, UN, WEF and more, all supported by a majority of international governments.
These politico-economic powers are compounded by a number of structural growth drivers. One of them is demographics, an inescapable trend. Aging populations in the West and East Asia mean chronic disease prevalence will rise inexorably. People over 65 consume 3 to 5 times more health resources per capita than younger adults.
Health Inc has a built-in, demographic growth engine that no other sector can match. Overall health expenditures and profits, increase not in parallel, but exponentially because another structural growth driver of Health Inc is the fear factor: marketing as a growth lever.
How does it work?
