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Profits Over Patients? Private Equity Firms Increasingly Going Into Health Care 

NBC News
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The number of Americans headed to emergency rooms is on the rise, with one 2017 study finding these visits cost Americans over 76 billion dollars every year. An NBC News investigation found that private equity firms are investing with the goal of increasing profits, according to critics, sometimes at the expense of patients.
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27 мар 2022

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Комментарии : 116   
@e.g.4483
@e.g.4483 Год назад
America doesn’t have healthcare, it has a health business. This is beyond shameful.
@danielboston8806
@danielboston8806 11 месяцев назад
Everything is commerce business in America… even the charity and not for profit organizations.
@k2h2kqeb
@k2h2kqeb 7 месяцев назад
Mate, every public healthcare system is run ike a business. It's just government owned and the profits are reduced taxes.
@strnglhld
@strnglhld Месяц назад
@@k2h2kqebMeh, private equity is cost cutting at the expense of patient safety at a level never before seen
@selowhgts6133
@selowhgts6133 2 года назад
My niece spent 6 years studying to be a nurse and within 2 years of working at a hospital she's seriously thinking of leaving the profession. Too much work, too little people.
@erinh9267
@erinh9267 2 года назад
The healthcare professionals I know are consistently saying this will endanger their patients.
@do9138
@do9138 Год назад
But they continue to work for the corporations, don't they? It is almost impossible to find a doctor in private practice these days. They all work for these corporations.
@buddymax4388
@buddymax4388 3 месяца назад
Private equity firms are another word for corporate raiders of the 20th century, PURE GREED
@jansonshine9082
@jansonshine9082 2 года назад
While the business person inside of me drools at the prospect of investment in these medical corporations they are destroying our quality of life, in every way. It's far deeper and more serious than most folks realize. It is essential we join the rest of the free world in embracing Improved, Expanded Medicare For Everyone! Cult talking point: "How will we pay for it?" We are already being scammed and suckered into paying almost 300% MORE than the second most expensive healthcare system on our planet- already!
@s.d.c5513
@s.d.c5513 2 года назад
Ask not what can do for your health through expanded health coverage, ask how much more of your taxes can go to an already critically overfunded military
@cbl6520
@cbl6520 Год назад
The rest of the world doesn’t do a “Medicare for all approach”, they either have heavily subsidized private insurance systems, or two tiered systems (public option that’s cheap/free at the point of use, alongside a for profit private system to cover services not provided by the private sector). Only Canada, North Korea and 9 other countries do a strictly single payer, no other option approach, an approach mind you, that is highly unpopular in both the US and Europe.
@dominicj7977
@dominicj7977 10 месяцев назад
@@cbl6520 As someone who hails from a country with 2 tiered system and who is living under a subsidised private insurance system, the former is far better than the latter.
@joyschlomer6866
@joyschlomer6866 4 месяца назад
The only thing overfunded in America, my dear man, is the military
@roopinderpalsinghrandhawa9846
@roopinderpalsinghrandhawa9846 2 года назад
ER is super over priced in the country. Amazing method to milk the healthcare system.
@jmtruesdale2868
@jmtruesdale2868 2 года назад
Thank you NBC,Thank you Dr.Brovant, Chief Medical board Dr. McMurray for being the Doctor/ Patient advocate🌹
@sarayusarayu832
@sarayusarayu832 Год назад
If I ever have to go to the ER, just let me die because this is a joke 💀
@psychicpajamas
@psychicpajamas 2 года назад
😡😡😡😡😡 no more profits over human health!
@alesia912
@alesia912 Год назад
the entire country puts profits over citizens.
@leonphillips7132
@leonphillips7132 Год назад
They have also helped engineer the closing of rural hospitals across the country.
@elizabethedwards7082
@elizabethedwards7082 2 года назад
Healthcare in the US is a joke. It should be in the top 10 in the world, but it is down at 40. Sad. Many of the young doctors are inadequately trained. For over 70 years, quality has declined.
@do9138
@do9138 Год назад
A doctor called to tell me I have cancer, but she said she couldn't tell me more because the path report was 9 pages long and written by a pathologist.
@benjiebenjamin7810
@benjiebenjamin7810 2 года назад
I was left to die in an ER in the DFW, TX area, early '90s after I crawled in, literally on my belly, couldn't speak, was having a near fatal reaction to a procedure from another hospital earlier that day....I survived only because a neighbor came up to check on me in the nick of time. She also saw stats taken then as she threatened to call the law & stood guard until they helped me as she told them what was medically done to me previously. The paperwork they mailed me were lies on the stats, & it stated "no insurance", as if I was in fine health. They assumed I had no insurance, I did BUT that shouldn't of mattered, eh?. I wonder to this day how many have died @ that hospital & how many other medical facilities, as the dead can't tell. Hospitals can say what they want & who is going to know the difference? How many hospitals do that?
@williamkinkade1132
@williamkinkade1132 2 года назад
Can't pay? Then we will take out your stitches.
@benjiebenjamin7810
@benjiebenjamin7810 2 года назад
@@williamkinkade1132 So sad that how many millions go without proper medical care. I've known people who've died from improper or neglect medical attention. ERs have laws, federal assistance that ERs can get funding to assist uninsured patients. There's no excuse to neglect anyone....tho a conscious & taking the medical oath to save lives should be motive enough. But then, mechanics are not all honest, lawyers, etc., yada & blah. Sadly that's where we're falling to in this world of 'me me me' & f#$k anyone else 💔.
@jmtruesdale2868
@jmtruesdale2868 2 года назад
The hospitals in North Carolina in not the same. Not all people qualified physicians. I have reported 3 doctors and 2 nurses for physical assaults! The assaults keep happening. I noticed the long history covering up abuse by including mental illness. People should be very careful about complete physical exam,, physical attacks or brutal attacks included!
@jmtruesdale2868
@jmtruesdale2868 2 года назад
I believe this one person who said on Twitter, People who show up at the ER with precondition, on Medicaid do not reciprocate. Pandemic extravaganza sparked fear for anyone who was listening?🌹
@jmtruesdale2868
@jmtruesdale2868 2 года назад
My 1st assault happened, I believe 2006,. when my mom called to asked ,if, I would take my sister Jacqueline to see a doctor for stomach pains? My sister had refused to go alone. I went where the health department were known for providing quality neighborhood care. I thought I would include myself for a check up to giving my special need narcotic sister inspiration and encouragement. BILLINGSLEY Road turned to the worst unthinkable horrible physical assault to be imagined! I reported and the response by Ms Clark made no sense. N.C. and S.C. have high rates fatalities for women. Record history tampering with Fraudulent reports filings. 🌹
@bwj3456
@bwj3456 Год назад
Envision came to my hospital and all of the Hospitalists left. The contracts were insulting to the hospitalists in that they would pay them less and cutt their staffing. We now have physicians barely out of school that think they know everything but in actuality don't have a clue!
@debbiemcconkey4258
@debbiemcconkey4258 2 года назад
Private equity firms have been buying up houses and driving prices up beyond what private people can afford. Real estate and mortgage companies are pleased as it means more profit for them in the short term. However long term I believe it is going to lead to a similar problem to the 2008 real estate crash. The private equity firms are looking for a safer place to invest than the stock market, but removing houses from the market is unsustainable, raising prices artificially because of perceived shortages, and creating real shortages by putting houses which could be sold in the rental market. This is a recipe for disaster. Investors beware.
@do9138
@do9138 Год назад
I rent from one so predatory the Washington Post wrote a page-one story about it in December 2021.
@vickijohnson9367
@vickijohnson9367 9 месяцев назад
The key to stopping them is to make their activity not profitable. Avoid their products and services like the plague on humanity that it really is!
@amocan3932
@amocan3932 Год назад
I work in the field. I had an md tell me that his hospital fired half the md and put mor nurses in charge. HOSPICE is out of control down here in south FL if you go into the hospital and you are over a certain age they push Hospos over rehab. 🤷🏼‍♂️ it cost (Medicare) over $5000 a month in most cases a nurse wil come out one or two times a month to fill your pill box that would not cost more than maybe couple hundred dollars why can they charge 5000??? No wonder they get the hard sell in the hospital probably getting kickbacks. Oh ya Rick Scott is known around here for robing Medicare! Crooks the whole bunch of them!
@88JLine
@88JLine 2 месяца назад
This is probably the reason why they listed me as an outpatient with a broken neck and rushed me out of there within 2 days despite the pain I was in and the danger I was in.
@DrVictorVasconcelos
@DrVictorVasconcelos 6 месяцев назад
Aaand new research published in the Journal of the American Medical Association already shows that hospitals owned by private equity have a higher rate of adverse effects even though they generally take less-risky patients, including 25% more elderly falls.
@Jennifercb1133
@Jennifercb1133 2 года назад
This. 100%.
@hubbs5759
@hubbs5759 Год назад
It's almost impossible to find decent healthcare anywhere in this country. Medicare For All would save $450 billion and 68,000 lives annually.
@wardrobelion
@wardrobelion 2 года назад
This has been happening for decades…
@jonnygarland4741
@jonnygarland4741 2 года назад
🤔Why speak to your law makers don't you know hospitals really are paying off lawmakers everyday only in America
@janetblack905
@janetblack905 9 месяцев назад
Between medical insurance companies and private equity firms receiving true healthcare is a crap shoot.
@jonnygarland4741
@jonnygarland4741 2 года назад
Those doctors don't have no reason to lie not all doctors but most all doctors REALLY CARE about people that's why they come to be doctor's
@buddahdakillaman
@buddahdakillaman 2 года назад
Most people will go against their morals when large amounts of money are a factor.
@ardenmcconnell6387
@ardenmcconnell6387 2 года назад
This isn't new. This is exactly why we need universal health care and Obama care. Work with Naturepaths. When my first baby was born, the Hospital bill, for 2 weeks, was $68.00 and the Dr. was $50.00. Now it's thousands.
@lynnebarrett9912
@lynnebarrett9912 2 года назад
Never FORGET: 1) OBAMACARE WORKS. oh. He's black. OH. HOW BORING CAN YOU BE? (Remember the BUSH TWIN$ GOOD BEHAVIOR?)
@MacchiatoSwirlGirl
@MacchiatoSwirlGirl 10 месяцев назад
Well Obama type care leaves a huge hole for abusive care. Government health care is evil. It leaves to managed care, so there is nooo autonomy, leaves an open door for abuse like Medi-Cal and Medicaid. Even "Traditional" Medicare doctors don't want to take, they want you in a god awful medicare advantage so they have control on who and where you go to see. Traditional Medicare is safest for patients, but not for doctors. They want control optimal opportunist and narcissist in this generation of medical care. Look up the insurance whistle blower William Potter
@lynnehood2198
@lynnehood2198 3 месяца назад
Obama care is what ruined American health care.What is needed is transparency
@dottyberendes5533
@dottyberendes5533 5 месяцев назад
I truly wish you would look into long term care facilities too. They are far worse than hospitals. The first is Life Care Centers of America the Rocky Mountain division
@maryjane_lane
@maryjane_lane 10 месяцев назад
WE DESPERATELY NEED UNIVERSAL HEALTHCARE NOW! People are getting tossed into the streets without care, all hospitals are essential corporations, nothing more.
@afihaileywibowo1095
@afihaileywibowo1095 9 месяцев назад
Where is the government ?
@dwkwb8
@dwkwb8 Год назад
Nothing less than outlying private equity involvement in healthcare and physician staffing specifically is going to fix this problem. But no one will do that because every politicians pockets are being lined by the same people trying to get their grubby hands into healthcare. Meanwhile the public is totally unaware. remember it’s not your doctors fault that your hospital administration decided to sign a contract with one of these corporate staffing companies. Your doctor needs a job and if it was up to them they wouldn’t work for one of these companies but in many areas there are no other options. 40% of hospital administrations have signed deals with the devil.
@00y93
@00y93 Год назад
How many times do you hear a company say, "Our goal is to make our shareholders happy"? 😂 And wow, that doctor got 26 million? Good. That'll teach em
@Slide61
@Slide61 Год назад
Thank goodness states like Oregon are around. Always have the option to pull the plug instead of putting my family in the poor house
@0forgetaboutit0
@0forgetaboutit0 2 года назад
I would like to know who these firms are out there.
@mubadadon3943
@mubadadon3943 2 года назад
I love what he said about changing the system. I believe 🙏 7
@jhariette
@jhariette Год назад
Yup it's all about the money!!!!
@carmimoultrie1448
@carmimoultrie1448 Год назад
You can see the obvious of roll em in, roll em out at the hospitals I've been in. Their only care is the scores they get on pt surveys.
@pamelajudithrwanyarare8429
@pamelajudithrwanyarare8429 Год назад
Greed will be the death of America.
@63frogsinahat84
@63frogsinahat84 Год назад
Please watch out if you go to an emergency room. You'll get money scams from TeamHealth.
@quippy8402
@quippy8402 Год назад
Everyone should have already figured out how this country works by now. Money and profits are almost always over everything else. That's what lobbying is for.
@samiraakhave9459
@samiraakhave9459 Год назад
Happening in dentistry everyday.
@user-lx7jb3it1t
@user-lx7jb3it1t Год назад
An unfortunate fact is that money does make the world go round. People that deny this have not realized that the American healthcare system is not always there to provide the healthcare someone needs without getting many billions with amounts that are absurd. I know a friend who was asked to pay $34 for a band aid, where that same bandaid at any grocery store would probably be less than 10 cents. Unfortunately healthcare is a business, so I get why private equity firms are starting to invest in them. However, I do not think this is following the ethical principle of Justice. It is vital to have healthcare providers that are able / and allowed to share their opinion as well as the science behind decisions instead of allowing business men and women to just sit there looking at the costs and making opinions. I think by moving into the field of looking at how much money something makes is a slippery slope as people are going to be more invested in making money, instead of making the right decisions for the people coming to their hospitals for care. As healthcare providers it becomes exhausting to constantly advocate for your patients and why you ordered certain tests when you work for a company that might not be understanding or helpful.
@garnetrose6162
@garnetrose6162 11 месяцев назад
“Metrics” and Private Equity must be abolished
@jasonstewart3748
@jasonstewart3748 Год назад
This is why my aunt had a stroke and had her legs amputated in 2021.
@schboove2668
@schboove2668 10 месяцев назад
Stuff like this makes me wish I’d never been born.
@MacchiatoSwirlGirl
@MacchiatoSwirlGirl 10 месяцев назад
I wish that everyday at this point
@jonnygarland4741
@jonnygarland4741 2 года назад
I got cut open by blood thinner twice I cannot put ANY lawsuit if any lawyer will called me I will split any money
@yelenav3409
@yelenav3409 7 месяцев назад
Medicine should be designed in such a way that dr should not need to focus on $ and brining in profits .
@chessman70
@chessman70 5 месяцев назад
Privatization means exploitation.
@do9138
@do9138 Год назад
Doctors retaliate if you complain. They don't return calls. They spend even less time with you. They are so arrogant and entitled.
@Shaun-Vargas
@Shaun-Vargas 2 года назад
Reminds me of things Bernie said, but everyone in The Democratic Party lost their 💩 and now we got Biden, and he ain't going to do nothing to fix this problem
@ChildofGod71
@ChildofGod71 Год назад
Cdc equity point based care are monsters!Now in schools pull kids from evil monsters
@ybemad
@ybemad Год назад
ABC's The Good Doctor but it's reimagined as the Profitable Doctor
@vickijohnson9367
@vickijohnson9367 9 месяцев назад
The service of healthcare facilities has deteriorated completely compared to the time before the deregulation of private finance. Health facilities are now 100% creepy. (All over the United States). Our finance crap infiltrated and took over the NHS completely. So sad that capitalism’s private finance isn’t heavily regulated out. Financial entities need to get out of perverting U.S. food, permanently out of our soil and water, and microbiology. Finance investing in industries that make all life sick, and dying. With civilization now owned by capital’s profit “new gilded age” robber barons, the lesson may be learned for eternity, as their investments are very deliberately killing off all life on earth at an accelerated pace. It’s not like they don’t know what they are doing! Pure evil!
@x-men69-96
@x-men69-96 Год назад
Who doesn’t want to make money? I don’t blame the private investors. The gov needs to stop this.
@AA-iy4gm
@AA-iy4gm 11 месяцев назад
People elect officials in government so if people are greedy, the officials they elect usually are too, so there isn't anyone left to stop this.
@selowhgts6133
@selowhgts6133 2 года назад
Ask questions of your doctors? Are they kidding? Doctors get very insulted if you start asking them questions, especially about non-medical issues. As it is the Doctor wants to spend as little time with you and asking question is going to take-up too much of his/her time. They wont like it.
@MacchiatoSwirlGirl
@MacchiatoSwirlGirl 10 месяцев назад
Exactly!
@Nessi-01
@Nessi-01 Год назад
America for sale.
@issaahmed8504
@issaahmed8504 Год назад
This is socialism. 🤫
@PrinceChris93
@PrinceChris93 Год назад
No wonder some of the nurses are so cranky
@Susieq26754
@Susieq26754 4 месяца назад
Doctors are independent of hospitals. They are private contractors. Some of them also lie like no other.
@doggieGZ
@doggieGZ 2 месяца назад
HoOrAy Obamacare! insurance industry gouging the crap out of the medical system triggered this
@jieli3313
@jieli3313 2 года назад
If Russia is determined to settle energy in rubles! We will consider giving up oil energy and natural gas energy! Switch to hydrogen energy, electric vehicle energy!
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