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> Venture capital has been essential for progress in medicine VC's can still fund companies that are making expensive new products. Banks (and PE...) can sti
by bonsai_spool 14d ago
> Venture capital has been essential for progress in medicine
VC's can still fund companies that are making expensive new products.
Banks (and PE...) can still underwrite loans for these things.
We have many solutions for capex-intensive businesses and have had these for over four hundred years. LBO-type PE is not even fifty years old yet
- frisco 14d agoagreed but that is not what they are talking about banning -- "PE" is expansive and includes all those other things. If they narrowed this proposal to just what people are thinking of as "PE" here rolling up clinics and gaining local pricing power that would be different and I'd agree with you
- bonsai_spool 14d ago> agreed but that is not what they are talking about banning I think you misunderstand me. I think what is proposed to be banned (employers of doctors who are PE firms) should not exist. It is strictly not necessary, and there's an excellent example of the consequences playing out across Massachusetts right now (which explains the bill's introduction by Warren).. I'm not sure how we decided only lawyers can run law firms but that anybody can operate a hospital...