Private Equity's Latest Target: Your Emergency Room
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- Опубліковано 17 бер 2024
- Private equity is swallowing up America's emergency rooms. 1 in 4 ERs are now staffed by private equity-based firms. The waits are longer, the bills are higher, and ER doctors are being replaced by lower-paid contractors.
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Corporate greed is ruining everything
The CEOs needs a third mansion!!
Same thing is happening in veterinary medicine and dentistry. Upselling is commonplace.
A private equity firm bought Art Van Furniture in MI, lost money, closed, lifelong employees lost their jobs.
Example of a PE firm is Bain Capital (Mitt Romney)
Greed and Debt: The True Story of Mitt Romney and Bain Capital.
How the GOP presidential candidate and his private equity firm staged an epic wealth grab, destroyed jobs - and stuck others with the bill.
(Rolling Stone)
@@maryshkamiceli8388If Romney bought it, those employees most likely lost their pensions too. Stealing pension money is a primary motivation for corporate raiders.
It destroys nation, humanity, and Earth itself. It destroys the spiritual component of life.
@@nibsniven3497the sad part is the people who partake in corporate raiding are also the ones that pass the bill that make corporate raiding of retirees pension, legal in congress 🤦♀️ …
When a company calls patients "customers" that's a giant red flag right there..
It's happening in the mental health field too. Offices are adopting a repeat business model, and calling their patients "consumers".
@@CorvidMusings It's just disgusting..
We're not even the customer-- the insurers are.
Very true!!! Well said
I wish my doctor would treat me as a customer. Maybe I wouldn’t have to stay on hold for a half hour just to be transferred to a voicemail line where they call you back in three days.
Corporate greed needs to be checked. They are coming for homeownership, healthcare, our very basic existence
...education, family planning, food and water, news and information, power, transportation....
It's everything. Every aspect of life and living, gives corporate vampires an opportunity to profit.
End stage capitalism.
They’re coming for YOU.
The U.S. healthcare system is the only one with shareholders ! Those shareholders of course are saying - You better earn a profit for us or else...
@@RealHomeRecording Yes. This. It's gone from competitive, to parasitic, to cannibalistic, even auto-cannibalistic.
Sad part is people see the huge bill and think the DOCTOR is making too much, when in actuality the private equity billionaire on their yacht is real the reason why your $8,000 bill was sent to collections.
I lived in a rich area 43 years. Many/most of whom were doctors/lawyers. (Old family house, where we were almost the last "poor" people). SFH would go for AT LEAST 1.3 mil. In dumpy shape. Up to 4 mil.or so.
Meanwhile your provider doc, pa, nps are in 100k+ of debt but many of these jobs are paying less than 80-90k a year(at least for apps). Everyone is fleeing EM
This corporate model is a pyramid scheme. That private equity billionaire has to keep his shareholders happy. That demands constant profit--even increasing profits. The only way that happens is if those on the bottom get paid less, and the "customers" pay more.
I'll gladly support any legislation that changes this model. Shareholders should not expect to get paid first. They should not expect to have a predictable return on investments. Remove the impetus to keep making profits, to lure investors, and you can focus on the health of the company. You can take the profitability out of the equation.
No wonder so many physicians are retiring earlier because they are fed up dealing with this sh*t! Which might translate into a increase in patient load on those who doctors still actively practicing. Thanks Wall Street!
@@JoseLopez-tk4tq how can you retire early unless you're making bank as well? those doctors getting paid $400k salaries are the problem too.
remember when you were a kid and you thought hospitals, ERs and ambulances were public services, not privately run corporations? good times...
and you believed in santa, easter bunny, tooth fairy and jesus too?
I’m old enough to remember when they were highly subsidized.
We need new laws…
@@SgtJoeSmith sorry no room for intelligent conversation with the heavily indoctrinated and brainwashed
In some countries they are. Haven't always been -- political will gave the UK its NHS (and different political will underfunded it later...)
It's not impossible for medicine to be a public service, but it would take big and difficult reforms in the USA. Electing Democrats helps some (eg the Affordable Care Act), but even a Democratic government is unlikely to make such huge changes to the system.
Worth looking into how single payer healthcare happened in the UK and Canada, and how the various public and semi-public healthcare systems of continental Europe got into place. It would probably take some change in attitude among the public, and less power to megadonors and corporate lobbyists -- not easy, but theoretically possible. People have overcome bigger obstacles when they fought for it.
I lost my mom to corporate healthcare greed. She had a heart attack, they stabilized her and kicked her to the curb. She died the next morning from a very violent and horrific heart attack. It was not the way anyone’s mom should go.
I will forever be an advocate for Medicare for all.
I’m so sorry for your loss.❤ That sounds like malpractice to me. There are protocols in place for heart attack patients. I’m an RN and have been recovering cath lab patients for almost 30 years. Something like you described should never happen!
Sounds like she made many bad life decisions. Should've taken better care of her diet - oh well, at least she croaked quickly and didn't become a drain on the taxpayers. I guess you can say she got "discharged" to the afterlife 😂😂😂😂😂
I just went in with a long-term headache got two mri-scans and bloodwork free in Canada, same day. All clear, it was sinus infection from pigeons i befriended over covid lockdown on my window still..they sent me then to a sinus specialist in the same hospital. This is what medicare for all is, don't listen to the few anecdotes where the system fails.
Medicare for all is not the solution. Just look at Europe or Canada. When you have Medicare you will have waits that exceed even what we have here for emergency care. We have friends for whom it takes six months to be seen by a regular doctor, and if they need emergency medical care, they may have to wait over 24 hours at a hospital, sometimes sitting in a hallway on a bed, waiting for a doctor to see them. This is in Spain, France, and Canada.
There is a solution out there, but it’s not single payer, universal healthcare.
@@kirstenberg6960I dunno, I'm a US citizen and I have to wait 1-2 *years* to see a nurse practitioner. And sometimes it's not even an appointment, it's a waitlist to *make* an appointment a year out. Haven't seen an actual *doctor* in over 30 years.
A six month out appointment? God, what an improvement that would be.
One nurse put it this way...."Corporations disguised as Hospitals"....
“…for people who are in trouble, or scared or dying…to come into that space and say ‘How can we make money here?’, that seems unholy”.
It IS unholy. That comment was PERFECT to sum up the entire situation.
Greed is strangling every industry with no end in sight.
They have brought and threatened our polititions into submission. There is no hope. They control everything.
Correct. And it’s all rolling down hill . Families pay the ultimate price . Do more more more . Work harder harder harder. It’s sad . No wonder everyone is in a bad mood 😮
Roll the corporate greed back uphill - by freezing their gambled-up claims via Marcy Kaptur's H.R.2714, reintroducing the 1933-99 Glass-Steagall Act. Generate credit for the real economy, health care, etc.!@@debragillen255
No it's not. The industries are doing fine, it's the customers who aren't. I just bought a new Samsung A54 5g for $340 that is way better than the Samsung S10e that I paid more than double that for 4 years ago so how could that happen?
Industry is being shut down - in the U.S., Germany, etc. For speculation - $5 trillion changes hands every day!@@robertd9850
The fact that hospitals have CEOs is a fucking sickening concept
Honestly yeah, the goal of a CEO is to make that ROI increase at an increasing rate, so price gouging
whos gonna run the place then?
Doctors @@SgtJoeSmith
@@SgtJoeSmithPeople actually get degrees in Health Administration
They have for decades.
It’s not just the ER. If you’ve been a patient in a hospital in the last 20 years you know that care is horrendous.
Poor staffing = low morale = poor patient care that’s why quit nursing.
My dad was a doctor, he worked in emergency. He wanted more than anything that I would become a doctor. After he saw the direction of the medical field in general, he was happy i didn’t become a doctor.
Everything that is wrong with America…
Very nicely and simply put. Its by design and that kinda hurts
No industry is safe. Profits over people, I'm disgusted with our government
You mean democrats? They own all the hospitals
I rather live in another industrialized country such as Canada 🇨🇦 or Denmark 🇩🇰
@@PraveenSriram hi, I have a question:. I’m wondering if you’d taken much time or put any thought into just exactly what we are snd what we are doing here. I just don’t feel there’s much need for much industrial anything to a point. I know we are more the.slave species that has better things to do than destroy our planet to make cheap things to make more work for ourselves snd have more pollution at the end.
Rich people ruin everything for everyone 😢
WHY: people are afraid of the word of: SOCIALISM.
Socialism is helping PEOPLE
It's GREEDY, uncaring people.
@@haggieladyThry are sick: psychopathic.
Including other rich ppl…
@@sonjafritsch8804 Socialism hurts the people. Universal healthcare is not socialism. Western Europe and the Nordic countries are all capitalist countries. This isn't a capitalist vs socialism problem. Even China understands capitalism is needed, and that's saying something.
The hospital I went to was sold. Including the Cardio Group. I went in 3 times for chest pains and hard time breathing. On a Monday I went in for a full workup that lasted a minute. Tuesday I was told the numbers looked good and go home and stay hydrated. I was lucky a visiting Dr was walking by and heard me say I was NOT ok. He came in listened to my heart and asked me to come back in at 5:30am 13hrs later. Wednesday, he did an angiogram. Within minutes he asked me when the last time I got this checked. Told him I was fighting them for 2 years. He did a quadruple bypass Thursday. I was lucky he was from 100 miles away and not with this hospital.
As a veterinarian, I can tell you this is happening to our industry as well.
Yes it is. I just spent close to $100 for an office visit. The medication needed to treat my dog is costing me $400 a month. I've seen vet bills go through the roof over the past few years. I understand now why people are dumping their pets on the side of the road. Very sad.
As a dog owner -- I've experienced exactly what you're describing. The prices just hurtle insanely upwards if it's a chain or corporate owned. I try to use only independent vet clinics and I couldn't possibly afford taking a dog to emergency now. Found a small clinic to perform a surgery on my 17-year old cattle dog -- it's still expensive but 1/4 the cost quote of a corporate owned business.
@@randygraham926 We are shopping around for a more affordable vet clinic. Hoping to find a decent one soon.
Then you have the damn bill dodgers who have ruined it for every pet owner who used to be able to make payments to the vet because trust between them was real.
Pet insurance industry operates just like the human health insurance industry by weeding out coverage for pre-existing conditions.
Rescued animals almost always have pre-existing conditions and an unknown medical history.
Consider dogs with stifle conditions, limb deformities or dental malocclusions, do pet insurance companies deny these animals coverage?
Yes!!! I've been ranting about that more and more recently as well as I watch more and more independent vet clinics and hospitals get gobbled up. It's absolutely DISGUSTING. Private equity firms have their grubby, filthy hands in everything. It's infuriating that this shit is allowed.
Private Equity also is taking over elderly homes, and elderly people are dying earlier as a result.
And veterinaries -- only to soak customers with higher costs to funnel into the pockets of already rich people -- American Capitalism is just an extortion racket.
Someone else make a good joke in bad taste here, I'm getting too old myself to qualify. :)
Private Equity is destroying everything. People harp that AI will destroy most white collar jobs soon, but it won’t; it’s going to be private equity that guts doctors and professionals in other industries in the near future.
Well it is a good result for them. America doesnt even want to look after its working population why would it want to look after the old ones. If they could they would clone humans so they dont have to look after kids either. But now robot tech is getting better there is no need for that neither any humans.
According to Chris Hedges and Gretchen Morgenson {3/1/24} - Nursing Home residents are being marched around for invasive tests and therapies that do them no good, are painful + damaging - for financialization!@@silvertone1
I’m a 60 year old ER doctor and I can’t wait until I can retire. Corporate medicine has stripped 90% of the joy from medicine. I never minded the long hours and unrealistic patient expectations, threats of lawsuits, drunks and body fluids and stress and panic and all the other tough issues that are inherent in emergency medicine, I mind the administration short-staffing the ER and whole hospital for the sake of corporate profit. Tide and Fords and hand lotion are fine in the free market, health care is not.
How about airplanes? Those don't seem to be doing well in the market either. Let's start naming the problem: capitalism.
>:(
@@kvaka009I'd a lot rather fly United, for all its current problems, than Aeroflot.
High Finance that dominates the governments!@@kvaka009
We don’t have a free market and haven’t in a long time. We have a illusion of one for now. If we keep going with this huge monopolies that shouldn’t be allowed we be what AUS is going there with their grocery stores. How you know it not free when you hear it to big to fail and get government bailouts. It to big to fail shouldn’t be word ever said in a real free market. This look of the ugly stuff they do like Amazon with a small diaper company that refused to sell to them. They couldn’t pay up the stock because they wasn’t on the stock market but the lower their prices so long to make the other business go out of business. They was doing a pure huge negative on rash diaper sold. When the other business fall they came to them again and got it. Than double their prices on diapers.
I’m a doctor too. Corporate greed has already killed primary care. What could go wrong when private equity companies run health care?
Thank you to all healthcare workers who are brave enough to speak out about these issues. God bless you all!
So hospitals are mafias is what your saying
We are living inside a corporation and it’s getting ugly. My health care should not be decided by a corporation pandering to their shareholders. We need to shift the paradigm……. Let us use this platform to change ideas on how we can get our sovereignty back
Changing corporate control over the basic necessities of life is against UA-cam TOS
Careful, conservatives will tell you "iTs nOT my reSPOnSibILiTY tO paY fOr YouR unHeAlThY liFE sTYle". All the while they have no problem paying for other people's roads, other people's law enforcement, other people's fire departments, other people's public parks, etc.
@@Praisethesunson
You are absolutely correct! I am all about taking down the ugly greed of Alphabet. I bombard them every day with complaints about their greed, their support of scammers, their willingness to take pharmaceutical companies blood money and more.
We all can make a difference.
In a lot of cases the shareholders aren't profiting either because their shares pay little to no dividends. It's the greeps at the top paying themselves millions in salary and bonuses who always do well no matter who and what they destroy.
Careful, conservatives might complain that "it's not their responsibility to pay for your healthcare, save up your own money and be healthier"
Don't forget that these groups are replacing Physicians with cheaper nurse practitioners and physician assistants while charging patients the same amount.
Sure it had disastrous results, but at least the CEO can buy a second yacht!
The legislators must Institute better Standards!
Yep. About 2 years into treatment for my chronic migraine a PA at my neurologists office suggested I try ibuprofen. I'd just asked for a refill of a prescription NSAID that requires you to fail like 6 different drugs, including 2 OTC NSAIDs (ibuprofen and naproxen), if you want insurance to pay for it. But yeah, totally didn't try it. And I definitely didn't think to try it in the 3 MONTHS I waited for my "emergency priority appointment". Needless to say I told the office to never schedule me with her again and made a complaint. I don't think she read my file past my name. Actually I don't even think she read that far, because they have a field for preferred name and she used my full name instead of my nickname. Everything she brought up had already been tried, including several procedures that had been done in office. I only stuck it out because I needed my meds renewed and for some unknown reason my insurance required an in office visit for one of them. And I couldn't afford to wait months. She no longer works there thankfully.
PAs and NPs have their place, replacing doctors is not one of them.
@@stevekaylor5606 I'm sure they are getting rich off of looking the other way and their family will only see physicians.
Meanwhile, hardworking Americans with horrible healthcare don't even get the healthcare they pay through the nose for.
I can remember when the Gov. of PA was able to cancel the healthcare of 300k working poor - about 1991!@@justsomeguy6730
All about the one percent.
I'm not a doctor, but I had dinner with a retired senior doc a while back and he told me that much of the fun, artistry, and autonomy has been stripped away in favor of a crawling bureaucracy of corporate greed and CYA. He seemed sad to have seen his profession run into the ground. It sounds as if he's not alone.
Treated only as a number! I was a ER Nurse for over 10 years and I saw the negative impact working for a corporation (HCA) that only cares about the all mighty $$$, not the patient!
Corporate greed is ruining everything in the United States.
Why do people open a business? To make money.
Corporations are not greedy, people are greedy and you are addressing this wrong. Companies trying to make as much money as possible is fine in a competitive market where the products have elastic demand. But health care demand, especially in an emergency, is very inelastic and THAT is what is being taken advantage of. That should be regulated in a way that benefits patients and provides the best outcomes.
@@robertd9850 Ok, Robert are you going to pay an extra 20% in taxes to fund healthcare for 360 million people plus all the illegals forcing their way across the border?
Doctors in Sweden make 120k annually.
Do you think doctors should be forced to take a paycut? Even Sanders said doctors will make less.
Is that fair?
It's the people. American people are some of the most greediest imaginable. You have no one to blame, but yourself for the way American society is.
@@youtubesucks1499there a difference between making money and ripping people off. You can still make money lots of it and don’t rip people off.
The ER, the floor, the icu, the OR, pcu, picu, nursing homes, home health, hospice.... not to mention the MD clinics.
If you put the bean counters in charge then counting beans becomes the goal.
As I often say, anything that involves money eventually becomes about money.
Correct, and I get laughed at by business people when I say the purpose of the business shouldn't primarily be maximizing profit.
This is why I have become fearful of going to the doctor, especially after what I saw my Mom went through.
@@watamatafoyu That's taboo in the business world. To say businesses are just for making profit by means of providing a service or product but not necessarily MAXIMIZING profit is like a curse word in their world.
This is why I quit accounting. Business lacks morality.
The most unemergent place I have ever been is my local ER. 8 hours to be told they need to refer me out. Then the specialist is 10 to 12 months out. What a joke.
All hospitals and emergency rooms should be non-profit by law. Just like in MA all health insurance companies are non-profit.
Private Equity just needs to be made illegal. It would solve so many problems…
indeed.
This was from 1933 on - under the Glass-Steagall Act. Its provisions were gradually eroded until it was repealed in 1999, and private equity began to run amuck. Their solvency keeps getting bolstered with the Fed's bailouts!@@xisotopex
Maybe not illegal, but it needs to be kept out of healthcare and real estate that's for sure.
Make parasitic speculations illegal again - by restoring the Glass-Steagall Bank Protection Act of 1933-99. Marcy Kaptur has HR2714 for this!@@jamesdagmond
@@jamesdagmond and schools/universities!
I got slapped with a $3000 bill for an emergency room visit.
My previous jobs refused to provide insurance. And I was denied Medicaid. Now the bill went to collections.
And the icing on the cake is: People keep nagging about job shortages in Minimum Wage fields. (While keeping you out of better jobs).
I never thought modern America would be this crazy and heartless.
I gave up on capitalism. I live in a 10 person tent off grid handl clearing land and hand building a home hidden away from society. I only work when I need something as labor is slavery and the only way to enjoy life is to give the least amount of time and energy to greedy criminal capitalist businesses. Collecting scrap materials and free stuff is the future. Lots of artistic potential.
And worse, everyone who considers themselves "good christian people" will bend over backwards to maintain that system.
$8000 here. For a basic fracture that urgent care could have handled. In 2011 dollars.
@@MMuraseofSandvich I would be homeless. Poor people cannot afford that.
who would have thought a country built on genocide and slavery could be this heartless
I’m a Paramedic. Spot on. Also not mentioned, is that these health systems have purchased all of the private practices, ended admitting privileges for primary care physicians and replaced them with hospitalists. The physicians are now just employees. When you call your doctor with a question you are told you need to go to the emergency room. Most of these folks now just call an ambulance thinking they will get in sooner. They don’t, they go in a wheelchair for 15 hours…days..or weeks. This has placed untold stress and expenses onto EMS and the Emergency Departments. The ED has become the funnel where everyone gets dumped and the ED physician must sort it out. Horrible, horrible system.
big thanks to the ER Doctors speaking up!!! As a student nurse, I respect doctors and all healthcare staff. WE ARE A TEAM. OUR OBJECTIVE AT THE END OF THE DAY IS TO EFFICIENTLY CARE FOR HUMANS.
Yes! Efficiently and compassionately.♥️
Stories like this consistently convince me we need a Civil Service Corps which would include services like ERs, and EMTs, Mental health, etc. and get investors out of medicine.
Our politicians are too bought off to do this responsibly.
@@watamatafoyu I'm pretty sure if they make it a "uniformed" service and make it part of military spending, a whole lot of military contractors will spend a whole lot of money to counter the PEs attempt to stop the civil service corps.
@@kdavidsmith1 And military people are usually better quality folks anyway.
They're used to cooperating with people. Because it's necessary for accomplishing a mission.
Unlike in the civilian world. Where the most selfish and aggressive people get ahead. In the army, they're usually the first to be disciplined.
@@eksbocks9438 I'm not sure if you're being sarcastic or not, but the idea here would be to set up the civil service corps to have similar structures and to allow for service members to receive the same benefits as military service members, GI bill, retirement, healthcare, food, housing, etc and to get around the existing industries' complaints having CSC receive military funding would draw support from the MIC.
Take that worldwide, and we won't _need_ all the Masters of the Universe nonsense we often play with our military in foreign policy.
This is a jungle, not a country. How is profiting off of people's health allowed? Why? This is just sick.
Greed!
Milton Friedman, neoliberalism, and the idea of corporatizing all the public commons.
Jack Welch and Ronald Reagan gave us the concept of "Increasing Shareholder Value" which didn't help.@@dominicfucinari1942
It's always been. It costs money to staff and run a hospital. You can't sustain them without charging someone something. The problem is valuing quick profits over long term sustainability and service.
Part of the issue is we do have an aging population, but not a proportionally increasing number of doctors.
Covid likewise hit the medical field more than some sectors. Older doctors leaving or taking early retirement wasn't only because of corporate greed.
However, I do agree creating public or at least well regulated hospitals and clinics is needed. But we also need to fix public education, so kids/young adults can move through the many years it takes to become medically trained more efficiently.
@@AmoebaInk we are seeing doctors who saw the reality of the Covid plandemic and then the blatant misinformation working towards a much different type of healthcare system. You can already guess the problems they face. Getting the info out to the public using big pharma and big corporate TV stations and other media platforms. Also, another arm of the globalists is the insurance racket that will never steer its consumers away from their corporations and towards better health.
Long story short-there is no way to vote this out as it was never voted in. We need a revolution and now if we are to survive this corporate takeover. Our kids and planet deserve much better. The whole world is waiting on us
Tired of being literally robbed by rich companies for trying to get my basic healthcare needs.
Corporate greed has ruined the concept of even existing honestly.
Everything PE touches immediately starts failing.
Problem is it doesn't fail for PE, just everyone else
...or goes bankrupt after they extract all the value
Think of all those union pension funds that hold a large percentage of private equity holdings, let's not hope the PE funds fail at once.
@@guymartz8262look up NAV loans.
Because that's the plan.
I am a Nurse Practitioner Student almost done with my education-- I worked in hospitals from housekeeping to registered nurse and over the 7 years I worked at the same hospital I watched the changes take place as the hospital was acquired. For the next 7 years I worked in psych and homecare and realized that no matter how desperate the needs of the population, there is someone trying to make a profit off of that suffering and need. We need to stop it, medical care is a human right, not a privilege and no other developed nation allows this behavior. Let's fight this at every opportunity we can!
You mean stop watching youtube and step outside? Yeah that's not gonna happen. We are so disconnected from reality I doubt it will ever get better. They gave us circus and bread what else could we ask for?
@@catch_me_outside_how_bout_datNo, it's as simple as not voting for Republicans.
Doctors desperately need to have psychiatric evaluations and be medically cleared to practice. Patients need to feel secure that their doctors are certified as “psychologically fit”!
@@nachobroryan8824I'm all for harm minimisation but don't pretend that the Democrats are amazing. You should vote for them in the US, for now, but you should also understand that merely voting Democrat isn't nearly enough on its own to fix any of the corrupt systems ruining the US
@@user-zq4fv8sj6vI fail to see how mandatory psychiatric assessments for doctors is going to fix a problem created by private equity firms and business managers, who generally aren't doctors...
Patients in our regional medical center's ED can wait up to 16 hours to get a room after being admitted. They don't wait in rooms, either. They wait on a gurney in the ED hallway. This is NOT about prioritizing patient care. It's about hitting dollar targets.
I remember when HCA took over our teaching hospital/Level I trauma center. I was a social worker. We worker long hours and took call without pay. One day we were admonished fir coming to work five minutes late and told the amount of money that cost. It never occurred to them to look at what time we left. I was there until after 6:00 most nights and sometimes until
8:00. I spent Christmas Eve in the ER trying to place an abandoned foster child. We had 24/7 coverage and there wasn’t anything we weren’t asked to go. Now the Social Work Department is no longer there. The few social workers that remain are supervised by case managers who know NOTHING about social work. But the suits thought it was cost effective. The patients suffer. They don’t care.
As a mental health counselor, I appreciate your comment and feel your pain! I am so disgusted with our field that I contemplate leaving it entirely. Mental health is even more undervalued, underfunded, and unsupported. It's all about profits and medications. We have people in charge of licensing and management who aren't trained in behavioral health.
This is so heartbreakingly true. Hospitals have moved away from having social workers to now having nurse case managers. Not only do they not know the things we learned in school, but they aren't held to our code of ethics. As social workers we are there for our patients, to serve and advocate for them, we empower them to speak up for themselves, and if a doctor or the hospital are doing something unethical, it's not uncommon for social workers to pipe up about it, and if course advocate for their patient.
It's all an absolute travesty.
I am 60 and I just started to visit the medical field due to some potential signs of declining health. I can easily say that the system is set up for the corporation and not set up to be any help to the human being. I can’t call my physicians or specialists directly…… it goes through a call center. These doctors are no longer owner operators. There is no room for personal care any longer.
I had an older pediatrician see that starting to happen 20+ years ago because of how insurance was controlling care. He retired but wrote a sincere letter as to why, that he couldn't actually practice with a clear conscious under those controls.
I am 70 and on Medicare, this is scary to someone like me whose sole health care is a Medical Advantage plan. The older you get the worse it will be.
@@fmcg5364 I understand completely. For profit anything these days needs reexamination and plenty of government insight ( which I don’t trust the government’s not the corporations because they are all one the great awakening needs to come.
Back to healthcare. Our doctors are gone snd the science they adhere to is flawed and store bought. The regularity boards have all been captured by the corporations. We stand a chance by eating good food and going back to the old ways that worked-let food be thy medicine, stay positive and consult with friends and family before blindly listening to a doctor in this system
@@fmcg5364 I'd find a practice where I could see an LPN and/or an MD trained in Integrative Medicine. Also Dr Mark Hymam, Dr Berg, Dr William Davis all give a lot of good preventative health tips online.
If doctors answered patient phone calls they would never see any patients…..That’s what their MA is for.
Imagine if companies would make money out of making people healthy, making safe and nutritious food, helping those in need, rather than taking advantage of the needy, making unsafe and unhealthy food, and making patients sicker.
We have to incentivize the right behaviors.
But healthy people don't go to the doctor and don't get expensive medical treatment--how would they ever turn those hundred billion dollar profits?!
It's sick and I hate it.
That sounds good, but it's tricky. Positive health outcomes seems like a worthy goal, but some providers get around this by simply not running any tests that would show there is a problem. Instead, they try to convince the patient that they are simply imagining that they have a problem.
@@MJ-98 Preventative care helps to KEEP people healthy though. They would still profit, although at lower amounts. Of course, they're not interested in that. The sicker we are, the better.
Via Legislators!@@PrettyGuardian
This is why I do my best to support private practices … obviously that’s not really possible with hospitals. How sad. All my friends or family in health care have always talked about this. Corporate greed really is ruining everything
This, heart breakingly, is why I no longer work in the medical field. I genuinely care for people however that doesn't meet the bottom line anymore and I couldn't, in good consciousness, continue under those circumstances. I don't think I will EVER understand that level of greed EVER!
As a non American, it blows my mind that anyone would privatise a health system. This is an essential service, should be free to all and run efficiently not for profit.
Shocking, isn't it? Yet, the US government has been letting our health care be sold to the highest (lowest?) bidder for many decades now.
Americans always fighting for lower taxes so what do they expect?
Not sure where you are from, but be wary... they will try to do the same thing there. They are already trying to privatise healthcare in the UK.
Welcome to Scamerica where our government rapes us every single day.
@@AMG-BENZ-1Yea but they only get it lowered for the rich capital owners. Then believe in the "trickle down" concept. All to hurt the other side. When reagent started the racist failed war on drugs. And gave the white nationalists a way to discriminate, and profit off the "other side". And believe whatever stupid propaganda, just because it doesnt effect them. And makes them feel like superior "patriots". Unable to see they are just redcoats...
my wife was a travel nurse at mission hospital.. up until about 8 months ago.. they were trying to give her a 30% pay cut she told em to pound sand.. i was so proud lol.. they are also still loosing staff at an alarming rate.. she also worked at Presbyterian in 2022 for 9 months.. and was complain about the same issues.. again that facility is hemorrhaging staff.. drs nurese and all health care workers deserve good pay.. they work extreamly hard at great cost to themselves.. but p.e. middle man are fucking shit up.. it isnt just hospitals either..
I don't know how we get back to a caring country.
@@watamatafoyu not sure but for decades now, "the market" should server people not people serving "the market".. when profit is put as the absolute goal over everything else.. something is wrong..
(*...LOSING) (*was complainING)
@@watamatafoyu -- STOP the G.D. Corporations!
@@w__a__l__e well put.
Corp greed is sending us to the ER. Our primary physician fail at their oath too.
I work in a hospital full time. The environment has become toxic for the entire system. Patient care, medical staff, administrative, it's all horrible.
We're supposed to be afraid of socialized medicine, but what we have is truly a nightmare and shows how greed creates disfunction and neglect everywhere it gets its way. Excuse me, not greed. Greedy people. Greedy people who have gotten what they want because people don't like politics and have no idea how politics creates this.
They're both working together. AGAINST US.
Everything is a conspiracy - tell the legislators to freeze Private Equity claims, and restore holistic Health Care!
Just remember, doctors take a hypocratic oath, not accounting. Meaning, it's somehow unethical if your doctor denies you treatment but not unethical if a bureaucrat steps between you while your doctor stands on the other side shrugging.
And the latter is what is often said of socialized health care. The only thing that gets denied in such a system is something that is very experimental or something cosmetic
Standard of Care...
They got rid of that oath. Too racist. I bet you wish I was joking.
Maybe AI has its own Jacobin trac!@@JimmyLeeJr
Woke ethics? @@JimmyLeeJr
Corporations call patients customers as if the people in pain had a choice. When is this country going to pass legislation that protects the citizens from the greed these predators soak themselves in?
Too bad bernie Saunders isn’t president
This needs to stop. Disgusted by corporate greed.
When healing is for profit there is no incentive to heal!!! For corporations out of our healthcare!!
Pretty much a universal statement that everyone can agree upon is Fuck private equity companies
Imagine the once called greatest country in the world doesn’t have a national health care system.. what a disgrace
Private equity is why, as an ER nurse for 45 years, I quit nursing forever.
Congrats. Retirement or career change?
Thank you for covering this! I’m an ER doc and private equity and these big corporate groups are absolutely RUINING the ER and hospitals in general. Constantly being asked to do more with less! More people than ever are coming to the ER but we have less nurses, less beds…it is horrible.
In 1933, Special Prosecutor Ferdinand Pecora grilled financial parasites in court and sent some to prison. Meanwhile, the Reconstruction Finance Corporation made credit available for the real economy - including rural electrification for farms and hospitals!
You are exactly right it’s so stressful that’s why I left bedside nursing.
Private capital is getting to be like privatized black ops!@@rhondajefferson4679
At least this channel is reporting on this corporate highjacking of an essential service. Why isn't your local/national news affiliate outlets or print media shining the spotlight on these developments impacting their viewing audience, huh ?🤔
News outlets are mostly owned by the corporate cartels - so they report and editorialize with Fallacy of Composition!@@JoseLopez-tk4tq
AMERICA! Stop these corporations. Stop private equity now. 😮
I wonder if she still votes for RW-extremist Republicans who caused the problems, or if she now votes for the moderate-RW Democrats who helped RW-extremist Republicans to cause the problems. 🤣
America: land of knavish wealthy-class/RW-political greed, home of foolish working-class/RW-voter slave. 🙄
I went to the ER two days ago. A private, not for profit hospital. I was out of the waiting room and being cared for in 10 minutes. That's the way it should be.
Yep, as an NP I was switched to seeing double the patients in a day with no support staff. I was responsible for testing, blood draws, insurance and charting in addition to assessing and treating the patient. It is insanity. Oh also inventory, receiving supplies and checking equipment.
Healthcare needs to be separate from corporate profits.
I wonder if she still votes for RW-extremist Republicans who caused the problems, or if she now votes for the moderate-RW Democrats who helped RW-extremist Republicans to cause the problems. 🤣
America: land of knavish wealthy-class/RW-political greed, home of foolish working-class/RW-voter slave. 🙄
Private equity is the worst.
I quit medicine two months ago because of corporations running hospitals.
I worked at a hospital that HCA acquired from a struggling hospital system. They ran it until the wheels fell off. The MRI machine never worked in the two years I was there.
Oh what the actual fuck. No working MRI machine in a hospital?! I think I might be hard pressed not to start breaking some of the CEOs things. Friggin' despicable.
Much as I hate Canadian winters, I am constantly reminded why I moved here. I feel so bad for Americans.
Our healthcare isn't doing much better. I've been waiting for years for multiple referrals. People have died waiting for healthcare in the ER.
If Trump wins Canada better be ready for a huge influx. Already picked my spot. I once loved hockey so have the anthem down already.
Since 2019, Canada has a new Health Care procedure - the Tiergarten 4 modeled MAID Act!
@@stevekaylor5606you haven't seen anything yet. Eugenics 2.0. Just wait.
Canada is changing too. I hear it's difficult to get a primary care doctor and your wait time for surgery can be quiet long. No where is perfect so you must be grateful your health care won't make you bankrupt.
Three thoughts from a former ER doc:
First: private equity firms are like the vultures who circle the dying animal waiting to extract their meal, before disgarding the picked-clean bones. This would not be happening if ERs were in healthy financial situations. Most ERs have been financially crippled over the years by the unfunded government mandate called EMTALA, which mandates care be provided to anyone and everyone who presents to an ER regardless of ability to pay, and public and private insurers doing everything possible to not pay the bills of those whom they insure.
Second: it’s not only the private equity firms who are the bad guys. At least PE is upfront and honest about their financial motivations. How about the “not-for-profit” health systems which knowingly contract with these PE funded/owned contract management groups to run their ERs in order NOT to pay smaller, local physician groups who would require a “subsidy” in order to ethically run a crucial but low-profit department?? These not-for-profit health systems are NOT innocent here. The not-for-profits in question which contract with the PE vultures include nominally religious systems as well as academic institutions (some with prominent university affiliated names).
Bottomline: the nation’s safety net (ER) is on fire, and the entire house of (healthcare) cards is on the brink of falling. We need to build a new healthcare system from the bottom up. Neither political party has the backbone to say the difficult truths and get it done right: they just want to get re-elected so all we will get is more bandaid fixes with never-ending unintended consequences
I think they did a pretty solid job on this video - but it did under-emphasize the fact that it's the hospital systems choosing to contract with these PE groups in the first place. They're colluding. Sound Physicians (owned by both United Health and Summit Partner) was part of the narrative here - but it's probably not as evident to the casual onlooker.
This is why the Corporate Practice of Medicine doctrine is key. It means that any lay-entity; whether it be hospital, insurance company, or PE firm, or Big Tech/Amazon - should not be dictating or influencing the practice of medicine.
Yes, it is a good video overall, and I’m happy that something of this caliber can start to inform the masses. The Corporate Practice of Medicine statute in my state has an exception for “not-for-profit” hospitals, which greatly weakens this legal doctrine in these times of massive health system consolidation. The biggest offenders in unethically inflating prices and reducing physician autonomy in my state are the “not-for-profit” health systems.
Thank you for your explanation of how corrupt the system is. My Direct Primary Care physician was an ER doctor who left the specialty because of this.
@@hoosierdoc3502 Take a look at our white paper if you want.
We include the concept that exemptions for non-profit hospitals were predicated on said hospitals acting in the public interest, which is why they were given non-profit status in the first place.
As we know today, those hospitals likely do not deserve that tax exemption anymore and are not acting as locally accountable public interest corporations .
So exactly what you said, the rationale for the exemptions is no longer applicable
However, direct Hospital employment does in theory provide Physicians with a little bit more protection in terms of due process as mandated by the 1986 Healthcare quality improvement act which created the national practitioner databank.
This calls for Physicians to be able to have due process.
However, as you know, the national practitioner databank can be weaponized against Physicians and hospitals. Enjoy immunity
And essentially They, The hospital basically get to pick the jury. So the due process rights are insufficient for a modern era, but it does essentially make it that much harder and messier for a hospital to try to get rid of a physician than the current setup of subcontracting to private Equity groups.
Wait, you think it is peachy to deny life saving care because someone can’t pay! I am one of those people on so many levels, as are many other people…even when I had insurance it was fucking hard to pay off medical bills with modest pay and expensive living standards in a professional job!.
EVERYONE should watch this video. Our healthcare system is slowly crumbling before our eyes and private equity is one of the primary driving forces. Excellent review of a complex issue!
Corporate greed is killing all of America.
Hospitals and ER are not supposed to be a profit making investment.
For profit healthcare should be out lawed it's not a business we need it's as hospitals
not so much in Canada (Ontario). insurance run by Provincial government with assist from the Feds. a great service overall for seniors like me. also meds assisted after $100.
wake up USA.
Profit should have nothing to do with medicine and healing. What a complete condemnation of this system.
How can these investors sleep at night preying on the most desperate?
They don’t have a conscience
They sleep very well, because they are _soulless._
Sociopathy, malignant narcissism, and/or psychopathy.
In their feather down Alaska King beds between 30000 thread count Egyptian cotton linens under plush fur throw blankets, of course 😅
Sociopathy.
In Canada, ER's are facing the same problem. But our health system is public. So.....what's the actual problem?
Thank for saying this. I'm an American (and a medical billing rep) and am seeing a lot of people here wanting to jump on the socialized medicine train. In our current environment it's the corporations making our healthcare decisions, but in socialized medicine the government is making your healthcare decision. We all need to have a serious discussion on how to, instead, give the healthcare decisions back to the doctors and their patients.
Corporate Welfare has to STOP. Walmart Amazon etc YES GREED IS BAD.
Twenty two hours in the hospital with the total diagnosis of two minor cuts on the forehead. Bill: $113,000!
Where? Please expose them
This is criminal !
Noooo freaking way
That’s highway robbery
Its is of course robbery and will dissuade people with head injuries from going near them. It has clearly gotten out of hand pretty much everywhere except maybe for the Scandanavian countries. It is definitely worse in Britain and is geting worse in France and it is all because of corporate greed.
they won't stop until they own EVERYTHING, including all of us
Parasite Finance can be stopped via a 1933-like Bankruptcy Reorganization. Their CEOs can then be grilled in Court by something like the Pecora Commission; some were sent to prison!
They are going to destroy this country - and take all of us with it.
I appreciate the research that went into this video, and the doctors who came forward to talk about this.
Alot of people here in Canada complain about our healthcare. Whenever i hear that i point to stuff like this, how wanting that is a horrible idea.
Healthcare in Canada needs to be properly funded. It is pretty terrible right now. We can complain about it and not want this private healthcare BS.
Properly fund PUBLIC healthcare. Stop fighting healthcare unions over better working conditions and cost of living pay wage increases.
A private equity firm bought the local hospital a few years ago. They closed it down last year. Now, the closest hospital is an hour away.
OMG YOU ARE SO SO SO RIGHT!!!
My husband retired , still not much money, but he went on Medicare, and got a supplemental plan also.
In December/2023 my husband couldn't eat hardly, vomiting at times just really sick, he also has been diagnosed with skin cancer...
We went to 3 different doctors, now on 4th, blood work, scans, x rays repeated with each doctor, we think my husband would get the surgery each different doctor. NO. NO. NO. NO. FOR EACH DOCTOR!
Oh we don't cover that, oh wrong hospital, wrong surgeon ect...
We've been to 3 different hospitals in Denver. Emergency room too.
He's dying, can't eat and not sure if cancer spread or his heart is being so stressed from hyladial hernia among !other problems.
I pray, but I know that were in trouble America, and we need to stand up and fight against these Cabal Evil Corporations!!!
Tamie/Colorado 😢
I work for a medical device manufacturer and the profit motive by a gargantuan corporation thinks outsourcing everything to Mexico and India to cut on labor costs will not harm patient safety despite several recalls on our devices already in place due to poor manufacturing processes with our vendors and overseas workers.
I am a nurse and have worked all over the country and even for presbyterian. I can tell you for a fact though even the nonprofit hospitals are acting like for-profit organizations the absolute biggest offender i have seen in my entire career is advent health holy crap i dont understand how these hospitals can get away with the crap that they do i almost left nursing after working an assignment for them. There needs to be federal legislation against the crap they are pulling. also we need federal nurse to patients ratios because these hospitals intentionally understaffed to save money and that does cost pts their lives
I was on a nursing board many years ago... what they clued me into was the fact that there really isn't any "non profits" in the h/c industry in any substantial way... there may be a non-profit part, but most of the machinery is very much for profit.
There've been discussions about this in the FB group "Paying Till It Hurts"...
Some things should not have a profit motive. Hospitals, schools, and prisons are 3 of them.
Can’t tell you how many times ER Nurses and doctors saved my life…. THANK YOU 🙏🏻
Between corporate greed and large insurance companies denying coverage for needed medical care, I now carry a notice right with my state ID.
I HEREBY REFUSE ANY AND ALL MEDICAL INTERVENTION UNLESS I AM ACTIVELY DIEING!!! I HAVE A LEGAL DNR!!!
Thanks big business for making it no longer worth while to bother even trying to stay alive in America!!!
I live in St.Clair Co. just sixty miles north of Detroit. Both hospitals in the area are for profit hospitals.
I’m already on disability and was severely injured on the job. (I use to be a first responder and they took my insurance and retirement due to budget cuts, leaving me with SSDI alone.)
I LITERALLY CANNOT AFFORD TO SAVE MY OWN LIFE ANYMORE IN AMERICA!!!
Hospitals shouldn't be for profit.
Imagine having kids. And then going into debt. Just so they can learn to read and write.
sometimes you go in debt just from giving birth and if not that then the after care if you have any complications whatsoever.
Yes! They are not allowed to operate in my state. That said, Non-for profits are still all about $$$
I remember arguing that point with my late father last century (in the 80s, I think) -- that hospitals shouldn't be for profit.
"They'll be more efficient", he claimed.
I never felt good about it.
Financial efficacy!@@nextdaycopy
Opposing the commodification of healthcare is self defense.
I don’t think that the problem is that hospitals are privately owned per se, but rather that short term profits are being pursued at the expense of all else. That sort of thinking isn’t unique to healthcare and problems of that nature can be seen no matter what the industry is
until these executives and investors face real consequences, they'll continue squeezing every dollar out of the system, regardless that it will eventually collapse.
So often, i hear people who oppose public healthcare act like it is an imposition on the healthcare practitioners, but what they dont understand is that this is a field that people get into because the overwhelming majority of them want to help people, and public health systems give them more ability to do that for more people.
The volume of patients with little help beats the wanting to help people sentiment out of young doctors. You are physically drowning in sick people with no time to even use the restroom while you are work. Then you get home and have 6 hours to shower, sleep and finishing charting. It's ridiculous. And dangerous!
@@pixpusha everything your describing is a result of a shortage of people and a lack of workplace protections, so I am confused by the relevance to public vs private, unless you are noting the way that private actively leads to cutting staff and protections in the endless profit-seeking
Right you are! People who go into healthcare aren't thinking, "This is going to make me rich!" (There are easier ways to make money, if that was the goal.) They go in thinking, "This is a way I can serve to my community."
When capitalism becomes the most important thing... when patients become Wall Street commodities.
Why is mass media not covering this problem? Afraid to lose sponsors?
No, owners.
They've had stories about this on the news I watch: C B S
Stay away from conservative, rightwing, biased news sources.
Well, we don't have free press in our media anymore. Certainly not the mass media (No objectivity, blatant fear mongering and extreme bias). Our media companies are just as controlled as Russia, it's just by corporations. Which if you think about it is just our version of rich oligarchs.
They have been brought up by PE who squash any stories they dont want you to hear
Owners, not just sponsors. Elected leaders are almost the same - until there's a 1933-like Bankruptcy Reorganization!@@nibsniven3497
I went to an EF for gall bladder issue, they did not know what was wrong (long story).
So the ER thought they would ice me sitting me on a bed and just leaving me in the room when I checked in at 11PM, they were milking my insurance for the stay, by 6AM I told them I was checking out (or else).
I probably would still be in that room a year later. They were in no hurry to discharge me.
Went to my PCP the other day , spoke to him for less than 5 minutes, and was charged $305. I get that they have to type some stuff into their computers and all, but this is bullshit.
Some years ago I saw a video about some physicians who had set up a practice where they didn't take insurance. It was a kind of subscription that people paid which seemed very affordable and there was a list of the usual things that people seek out medical care for that was covered. It worked economically because they didn't have to hire a large staff whose job was to do nothing but deal with insurance. I always wondered how it is working out.
I think what you are talking about is called "concierge".
Concierge bills your insurance and takes a monthly access fee so the patient gets better service. Direct primary care or DPC doesn't bill insurance and takes a monthly fee.
@@nipatel1760 interesting. Good to know.
Just ran up 20,000 in medical bills. So much for having a saving account. I’ll be slipping out of the middle class which is exactly what they want. Rich, poor, nothing in between. Dark consciousness is behind it, like most of our public institutions
And the rich only stay rich if they STFU and keep doing the dirty work for the elites that really run things.
I absolutely love the er and the chaoticness of a busy medsurge unit ❤️
🙄my son was in ER waiting 6 hrs. by the time he got to the operating table his appendix ruptured and it was a mess inside. Thanks God the surgeon was excellent and did a fantastic job. 2 more hours and God only knows what would’ve happened. I’m grateful to the doctor all my life but the corporation running the ER is deplorable.
people who dont care about getting rich are superior life forms in every profound way.
Amen to that! We are called pure breeds! Pure light beings!
I sure don't feel superior!
@@nibsniven3497 Liberals = Superior = superficial fiat fake parasitic self gaslighting pyscosis of evil
People Who Do NOT Chase Money = Superior = Spiritual Awakening and Discernment To seek The Will Of God = Desire to be holy and purge fakery from the soul.
Who's paying the mortgage, then? 😆
@@windsofmarchjourneyperrytr2823 dumb comment. No correlation to original premise.
1:03 "... and I think that really is at odds with the goals of a corporation."
I mean, when you get right down to it, any human need is at odds with the goals of a corporation.