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Private equity in healthcare shows particularly clearly how far capitalism is willing to go. Profiting from the suffering of humans and animals, while probably
by Krasnol 9mo ago
Private equity in healthcare shows particularly clearly how far capitalism is willing to go. Profiting from the suffering of humans and animals, while probably still feeling good and even heroic about it, disgusts me.
- mapontosevenths 9mo agoI can see your perspective, but healthcare isn't always a zero sum game. It can be empathetic and useful while also being profitable. It often isn't, but it can be.
- hermanzegerman 9mo agoThere is plenty of evidence that Hospitals, Nursing Homes operated by private equity have way more worse outcomes than those of other operators, even for-profit ones
- accrual 9mo agoYes. It starts benign "no major changes!" and soon stock is reduced, staff get cut, and cost cutting rules are enacted by people who never have to witness the effects on the patients who slip into worse outcomes. And if it crashes into the ground they can float away on golden parachutes.
- Krasnol 9mo agoWhy does it HAVE to be profitable? Why can't we just leave some things out of the whole madness? It's not like we don't have enough stuff that can be made profitable already. Just let your customers be healthy, have a roof over their head, water, electricity, internet. They'll have more time and money to spend on all the other profitable stuff. It doesn't have to be EVERYTHING!
- Panzer04 9mo agoBecause we would like people to continue providing our healthcare services?
- Krasnol 9mo agoWhy should they stop doing that?
- mapontosevenths 9mo agoI dont know about you, but I mostly go to work so they'll pay me money. I then use that money for stuff like food.
- Krasnol 9mo agoIs the money you get from taxes worse then the one you get from private sources or what is it you want to tell me here?