January 5, 2024

Medicare for Wall Street instead of Medicare for all

 The United States health care system—more costly than any on earth—will become ever more so as Wall Street increasingly extracts money from it. Private equity funds own approximately 9% of all private hospitals and 30% of all proprietary for-profit hospitals, including 34% that serve rural populations. They’ve also bought up nursing homes and doctors’ practices and are investing more year by year. The net impact? Medical costs to the government and to patients have gone up while patients have suffered more adverse medical results, according to two current studies. The Journal of the American Medical Association recently published a paper which found: "Private equity acquisition was associated with increased hospital-acquired adverse events, including falls and central line–associated bloodstream infections, along with a larger but less statistically precise increase in surgical site infections."

2 comments:

Greg Gerritt said...

The more private investment in healthcare, the more Americans die. Maybe we have to ban venture capitalists from getting healthcare if they have any investments in it and until we get national healthcare

Anonymous said...

What happened to the old "saw"first do no harm?? Money seemingly has no conscience!

Semper Paratus