Hospitals near us are being taken over by "religious" corporations that restrict legally allowed (in our state) healthcare such as death with dignity and any abortion related care. I am interested in who is behind these corporate groups.
Private equity is buying up veterinary clinics as well...many vets retiring, prices soaring, care going down in many cases or just getting more generic, not like your neighborhood vet anymore.
I agree--maybe the story is how private equity is destsroying everything. Hospitals, vetrinary clinics, utilities, real estate rentals, and drove up home prices too. The list is probably even greater than this, pricing ordinary Americans out of everything.
It could include nursing homes, as I believe the root problem is the same: given fixed federal reimbursements, the only way to maximize profits is to cut services and salaries.
3 companies own 80% of the market which gives them a lot of control over what drugs can be prescribed / approved and how much consumers & insurers pay. For instance through my retirement benefits I can only choose Humana or Medicare. Humana offers a discount if you purchase a 3 month supply of an on-going prescription. This year they began only honoring the discount if you use their pharmacy (which in my area is only available online).
This is SO important. I live in Massachusetts, and NINE of our Steward hospitals, which serve 160,000+ patients and employ 15,000+ people, just declared bankruptcy.
How about a dive into hospital closures (especially rural hospitals) and any role the private equity may have had in these events.
Thanks!
Hospitals near us are being taken over by "religious" corporations that restrict legally allowed (in our state) healthcare such as death with dignity and any abortion related care. I am interested in who is behind these corporate groups.
I used to work for one of these. You can also include vasectomy, tubal ligation, as well as all other forms of contraception.
Private equity is buying up veterinary clinics as well...many vets retiring, prices soaring, care going down in many cases or just getting more generic, not like your neighborhood vet anymore.
I agree--maybe the story is how private equity is destsroying everything. Hospitals, vetrinary clinics, utilities, real estate rentals, and drove up home prices too. The list is probably even greater than this, pricing ordinary Americans out of everything.
They Are buying up EVERYTHING, firing employees, taking out loans on the businesses, and then driving them into bankrupcy.
Hospice companies as well, itтАЩs a disgrace!
It could include nursing homes, as I believe the root problem is the same: given fixed federal reimbursements, the only way to maximize profits is to cut services and salaries.
And how short staffed health care is...and the reasons why
DonтАЩt forget тАЬPBMsтАЭ. This is a real money maker for major insurers.
https://www.commonwealthfund.org/publications/explainer/2019/apr/pharmacy-benefit-managers-and-their-role-drug-spending
3 companies own 80% of the market which gives them a lot of control over what drugs can be prescribed / approved and how much consumers & insurers pay. For instance through my retirement benefits I can only choose Humana or Medicare. Humana offers a discount if you purchase a 3 month supply of an on-going prescription. This year they began only honoring the discount if you use their pharmacy (which in my area is only available online).
https://www.healthcarefinancenews.com/news/pbms-are-driving-drug-prices-through-fees-phrma-report-claims
And concierge doctors
This is SO important. I live in Massachusetts, and NINE of our Steward hospitals, which serve 160,000+ patients and employ 15,000+ people, just declared bankruptcy.