How to avoid the “Private Equity tax” you’re paying on a health care bill? Try to find a provider that isn’t funded by Private Equity. Failing that, at least if you’re on traditional Medicare you’re paying fixed rates with substantial protections against price gouging.
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Good luck with that. There was a recent strike by ER staff at a metro Detroit hospital. The ER staff was not employed by the hospital, They worked for a PE group that contracted their services to the hospital.
Steve
{{ One particularly troublesome aspect of the private-equity marriage with healthcare is that it can put businesses that are essential to society at risk. An example is the crisis engulfing Steward Health Care System. The hospital chain was formed by the private-equity firm Cerberus Capital Management when it first bought six struggling Massachusetts hospitals in 2010. A 2016 sale-leaseback agreement with the hospital landlord Medical Properties Trust **allowed Cerberus to receive hundreds of millions of dollars in dividends** and helped Steward expand through acquisitions.})
Ah, the Private Equity model pioneered by Mitt Romney during his years as Chairman of Bain Capital (i.e., bleed the business with excessive management fees and then file for bankruptcy.)
intercst