Brazil allows privated foreign owned hospitals

Six months ago, while commenting on China's policy allowing foreign investments in hospitals, I commented that Brazil wouldn't allow that anytime soon.

Boy, I was wrong.

*Picture from WSJ.BLOGS

Brazil has just passed a bill that authorizes foreign investment to be made directly into hospitals.

This kind of investment existed before, but it had to be channeled through banks and insurance companies. Now it can be made in a more straightforward manner.

A breeze of privatization and liberalism to Brazilian health care sector. It needed that desperately.

Doors are open. Please be welcome.