Private equity will never, ever stop screwing the rest of us

Not until it’s crushed. Obliterated. Annihilated. So that’s what needs to happen.

It’s tough to pull a really representative blockquote from this one. I can only respectfully ask that you take my sincere word that you should click and read it all.

It is part of a growing trend of private equity investment in health care in the United States. 

The pandemic has put into stark relief how these billionaire investors have fundamentally weakened the health care system...

Hospital acquisitions were popular among private equity firms from 2000 to 2012. But many firms struggled to make money from those acquisitions and have turned their attention to more profitable slices of the health care economy. 

In particular, private equity has been gobbling up staffing service for emergency rooms and then taking the doctors out of the hospital’s insurance network. As a result, many people return home from the emergency room with massive bills they thought would be covered by their insurance company. This phenomenon is known as “surprise billing.” - Popular Information