For-profit [any industry] has been squeezing labor forever.
Seize the means of production.
Nationalize healthcare.
This is the best summary I could come up with:
The emergency room at the hospital, Presbyterian Santa Fe medical center, would be taken over by a company called Sound Physicians.
An administrator stated that Sound was brought in to “consistently provide physician coverage” so that the “community has access to care when they need it most”.
“I’m glad you contacted me,” Wagner said when we spoke, “because I know what private equity does when they get involved in a company.” The first thing investors look at is operating expenses, called Opex.
This could affect quality of care, as some studies have found that these changes may increase patient costs, with worse health outcomes.
“Everything is about saving money for the company, even when it compromises patient care,” one physician employed by a CMG wrote online.
According to Eileen Appelbaum, a healthcare economist, their “secret sauce was to pile medical debt on people with emergencies”.
The original article contains 926 words, the summary contains 145 words. Saved 84%. I’m a bot and I’m open source!
And they took over in the first place because… wait for it… it went bankrupt. Healthcare in the US is a disaster and for-profit + healthcare isn’t a good combination but at some point things need to get proper management and pay their bills.
That is not what the article says. It says the for profit companies make false pitches for non-existence improvements. And ERs couldn’t go “bankrupt” unless the entire hospital did.
