Limit Private Equity's Role in Healthcare

[Axtremus]

https://www.inquirer.com/politics/pennsylvania/crozer-delaware-county-pennsylvania-josh-shapiro-private-equity-healthcare-20250515.html

Pennsylvania governor and Democratic legislators push to limit private equity's role in healthcare after closure of a medical center, claiming private equity's pursuit for profits striped the medical center of resources and ultimately failed the community it serves. Well, they have been at it for a while even before this medical center closed, but was interrupted when the GOP gained control of the legislature. Now they are renewing that push.

[jon-nyc]

I saw a statistic recently about how much worse outcomes are in private equity owned hospitals.

[Mik]

I've worked in both and I'd agree. I was not in favor of hospitals going to the for-profit model in the 90's.

[Horace]

There is an obvious tension between our agreed upon noises about life being priceless, and a profit motive in medicine. Pick one.

Granted, life will never be priceless regardless of whether there is a profit motive in saving lives, but it's slightly less stupid to say that, if we socialize medicine. Capitalist medicine makes an imbecile of any parrot of the idea of the pricelessness of life.

[kluurs]

The "invisible hand" reaches out and strangles the less fortunate.

[Mik]

As it has ever been. Unlimited wants/needs versus limited resources. It's morally repugnant but unavoidable.