Greg Gerritt - American Health Care is between a rock and a hard place and full of
contradictions. It delivers some of the most advanced lifesaving care
on the planet, but life expectancy in the US is among the lowest of any
industrialized country. It is by far the most expensive care in the
world, 50% more per capita than the next most expensive system, but
hospitals are going broke and providers are quitting due to low pay and
long hours. States are also unable to provide for care for the lowest
income people, either cutting public benefits or just abandoning the
poor like Texas did recently when it cut 2.3 million people from
Medicaid. But venture capitalists and buyout firms have been making
millions and billions buying hospital chains, looting them of assets,
selling off buildings , loading them with debt, taking big payouts, and
then closing them and throwing everyone out on the street, patients and
workers alike. Of course with the most expensive healthcare , it is
really no surprise that medical bills are one of the biggest causes of
bankruptcies in the US and that millions of people skimp on healthcare
because they cannot afford to pay for it. MORE
Online report of the Progressive Review. Since 1964, the news while there's still time to do something about it.
February 18, 2024
Health
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