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PRIVATE EQUITY OWNED HOSPITALS INCREASE HEALTH CARE COSTS, INCREASE COMPLICATIONS FOR PATIENTS BY 25%, AND HAVE A HIGHER RATE OF DEATHS
THIS IS RELATED TO STAFF CUTS, and REPLACING MORE HIGHLY PAID WORKERS, SUCH AS PHYSICIANS AND NURSES, WITH LOWER-PAID EMPLOYEES.
27% INCREASE IN FALLS
38% INCREASE IN CENTRAL LINE INFECTIONS, WHICH ARE ASSOCIATED WITH ICU CARE
DOUBLING SURGICAL SITE INFECTIONS, AND
AND INCREASED NUMBER OF DEATHS
Private equity firms have also been acquiring nursing homes, behavioral health systems, and private physician practices – ALL HAVE INCREASED COSTS FOR PATIENTS, INSURANCE COMPANIES, AND GOVERNMENT PROGRAMS.
And who are involved in these private equity firms? Is Big Pharma involved?
Once you own hospitals, private physician practices, nursing homes, behavioral health systems, you CONTROL PATIENTS AND THEIR TREATMENTS, AND MORE TREATMENTS, AND MORE TREATMENTS…
PREVENTION OF DISEASE? NOPE. THEY HAVE A PILL FOR YOU TO LOSE WEIGHT. AND THEY HAVE ANOTHER PILL FOR THE SIDE EFFECTS OF THE FIRST PILL, AND ANOTHER PILL FOR THE SIDE EFFECTS OF THE SECOND PILL, ETC.
On December 6, 2023 the Senate Budget Committee reviewed its bipartisan investigation of the impact of private equity purchases on health care facilities.