If you’re wondering why you don’t hear more about private equity from physicians, it’s because some of them receive significant financial gain from selling to PE and the ones who don’t, the doctors who have to work as an employee under PE, are contractually prohibited from speaking out against ole Barty Banks. It’s really bad.
What about physicians who don't agree with mask or COVID vaccine mandates? The media crucifies them for even daring to speak their opinion because they're ostensibly "against science". But science involves the process of constant criticism of established orthodoxies and refinements for better outcomes overall. Scientific healthcare professionals aren't out to deify, but always question and critique.
@@android199ios25I don’t blame them, people will do what they need to do to take care of themselves and their families, but those decisions have consequences for patient care
No character in the Glaucomverse has a more punchable face than Bartholomew Banks. Which is funny, because he has the same face as every other character.
I interviewed with a private equity group, and the physicians interviewing me had the same "Get Out" vibes. When one of them offered to put in a good word for me with a non-private equity group in the area, one of the corporate recruiters instantly entered the room and sat in on the remainder of the interview. It was apparent she had been eavesdropping. I just hope that doc didn't get in too much trouble. Needless to say I did not take that job.
I'm and MBA student, and I have a few colleagues looking into PE. Very proud of my accounting prof who, in a required class, called our private equity for "sucking the life" out of what they buy and "hollowing out" the workforce. The finance bros were so shell shocked it was incredible.
Reminds me of what I like to call the "Costco Effect." People want to optimize Costco, to pay the workers less, increase prices, and trim the fat. The thing is, people go to Costco because the people who work there are happy to work there and because the prices are good. If you incrementally make it a worse place to be, people won't want to go there. Instead of looking at next-quarter gains, look at multi-year continued success. It's healthier for all.
@@ae3qe27u3 That would require that they actually care about the long-term prospects of the business and not just getting as much profit as fast as possible and getting out before the whole thing collapses.
I just finished my MBA last month, and my M&A professor ripped into PE. I work in PE all my colleagues are finance bros, and I 110% take my professor’s side Private equity IS soul sucking
As a software engineer I too despise the finance bros. You can only imagine how terrible their technically inept ideas are. At least I don't have to deal with the most morally bankrupt among them though, but I feel for the poor hospital professionals. I only have to deal with finance bros running with as much direction about technology as chickens without their heads and that's terrible already.
I want to see Banks wheeled into his own “investment” with locked in syndrome and no ID, treated just like he demands patients who can’t afford treatment are treated.
In international waters... with a mysteriously unregistered ship nearby that had absolutely nothing to do with it... and was miraculously able to save only the lives of the working-class staff... such a tragic hypothetical event.
Imagine if doctors weren’t so drained from burnout that they actually had the will to fight against the systemic inferiority of the care and get a reminder that the medical errors and bad outcomes impact the patients most of all. The medical community general acceptance and apathy and total disconnect from the actual delivered product is just as bad of a mentality as the private equities.
@@lijohnyoutube101 Private equities don't do this out of a mentality though. They're doing it because thats literally what the system calls for, its in their nature as a business offering a service to make as much profit as they can. The medical community need to work to survive, I dont think theres much they can do to address private equities.
@@hongo9111 absolutely it’s a business model I COULD not agree more…but it’s a business model BECAUSE that mentality is allowed to exist. The business exists because it provides benefits for some in the way of profits. If the mentality wasn’t accepted people wouldn’t work there, regulations would exist to cease activities that actively cause harm, etc etc Evil exists in trillions of ways in our society and monsters justify, and the weak benefit and turn the other cheek and few with power raise their voices as having power often is obtained from a balance of control and not rocking the boat. What exists in a society is what happens because we all allow it to exist.
I went through this with my doc (medical assistant). He was private practice internal medicine, sold to Kennedy, which was bought out by one corporation, which was then in turn bought out by another. Corporate Healthcare is such a nightmare 😫
Thank you for shining light on the greed that has infiltrated HC. No human was born wanting financial ruin from a surprise medical condition. It is unethical to literally bleed people dry. I believe that if we keep shining light on this matter (ESPECIALLY AS MORE BOOMERS ENTER HC FACILITIES); people will see the need for reform.
I love these “insights into the reality of commercial medicine” videos you do. I’ve watched dozens if not hundreds of your vids and I remember aspects of them, the characters, the humor… but the one I remember best and most entirely is a doc trying to get a procedure approved from the insurance call center… what’s sad is that as funny as they are, they don’t detract from the truth of the thing: Our medical care, insurance, regulatory, and pharma systems are ALL so fucked up we may never be able to fix them… and that’s heartbreaking. 💔
@@Birdsong-Annalee I agree with that statement completely, but the people who would be setting those regulations are controlled by greed. We could fix it, it's not broken beyond repair. The people who's job is to fix it are the ones broken.
Every attempt in the past two decades was killed in house committees, there will likely be more progressive people in office in the next few cycles so we might be able to have serious chances soon
Will not lie, as a resident, one of the dreaded things we have to do some times is call insurance companies - especially when we're pretty sure a high risk patient may not be able to do it themselves. One of my proudest moments remains getting PA for a VERY NECESSARY med for a patient about to be discharged from the hospital in the evening. It meant staying late, but getting that "ok" from the insurance rep gave me peace of mind that night that was priceless.
@@Birdsong-Annalee you just said exactly the same thing they said… we need regs to manage corporate greed and price gouging. I’m confused what you’re taking issue with… you seem to be in full agreement with each other.
Omg I relate so much to this. Im 🤏this close to quitting my job because of this same reason. The peoples lives we save.. the look in their eyes when they see the final bill.. knowing they may have nothing to go back to.... haunts me.. literally haunts.
Lawmakers care about what gets them reelection wins. If they don’t get reelected they can’t do anything at all. Lawmakers with few exceptions . Want something to get changed… get people to care. Also politics is a very very deep topic with vast complexity and rather than studying and understanding it many are brainwashed to hate it and write it off instead to become educated and wade in to play. Also we tell great lies in this society as to the general cognitive functioning of adults. Approximately 25 percent of adults in the US aren’t literate or understand basic problem analysis beyond 3rd grade level with some somewhat small variation from state to state in the data and the given nature of a particular study. We pretend to walk among mostly stable adults with decent reasoning skills but it’s sadly far from true.
I spent 1 year being instructed to risk my PA license, and more importantly patient safety, working with a company that was acquired by a private equity firm while I was in contracting/credentialing. I did what I could to speak up and do right by my patients and resigned with my soul mostly intact the day my contract expired. Never. Again.
I am from Canada, just started a residency in an American program. The very 1st lecture we had during orientation was about proper charting to ensure "maximum billing." All tests and diagnostic procedures in EPIC have price tags, and costs are horrendous. A pelvic ultrasound is over 5K, although one could get a CT scan with reading in another state for $250. Some attendings are cognizant about a possible financial burden for a patient, but some care only about "maximum billing." It is hard to process.
No, thanks. I'd rather get surgery when I actually need it and have increased chances of cancer survival if the disease ever finds me. Redistributing an out-of-control cost is almost never an effective solution; it only costs the average, tax-paying citizen far more than it should. The first rule of economics is supply and demand. Government invasion of corporations always hampers supply and drives cost increases. Then, the imbecilic leftists resolve to redistribute the problem instead of addressing it. If you want to decrease the costs of healthcare overnight, stop treating everyone who walks into an ED with a jammed toe having no intention whatsoever to compensate highly educated and skilled employees for their time and services.
There's nothing inherently wrong with private healthcare. Up until very recently (1970s) it was perfectly affordable but then hospitals started becoming corporatized at the same time the government began imposing one regulatory hurdle after the next, driving up patient care costs. Just like with seemingly every other sector, hospitals are being consolidated into the ownership of fewer and fewer hands which, in turn become more and more distant from their customers/patients. Really, we should be looking to how things were done in the past, before costs started skyrocketing and attempt to recreate those conditions instead of another system.
THIS!!! This right here is why as a non-medical person no longer trusts hospitals. I'm sure there are so many AMAZING doctors, nurses, and staff, but they must follow protocol.
I'm from Germany 🇩🇪 and our healthcare system really isn't perfect, but this makes me wanna cry 😢. Guys, I hope one day you all have universal healthcare. You deserve it 😘. Much love ❤
@@Birdsong-Annaleeour system recently allowed private equity to buy/run doctor‘s practices. so, the GP around the corner might work for PE. clearly taking away the wrong lessons from the US.
@@julesk1567The problem is that any government system is going to be run by people, and there's a percentage of humanity who can always be bought, even if it means leaving the people they ostensibly serve vulnerable to financial predation.
@@julesk1567 yes, but we also had private hospitals for a long time. I absolutely believe that hospitals should be municipally run, but the private hospitals are not running amok. They negotiate their payments with the association of public health insurance and _they_ have a strong hand.
We need greed out of the equation to preempt those who prioritize wealth over health. Thank you for shining a light on inequities so we can fix our system.
I'm currently in law school, but I have a background in the business side of healthcare (not PE though). I've taken several health law courses and the more I learn about PE, the less I like them. And it's not just human healthcare. Our vets are being snatched up too, all over the country. They're pushing profit over everything else, forcing vets to work ridiculous hours, dropping non-money-making services (like boarding animals, especially cats).
I'm a vet with a small private practice. PE has parasitized this profession. They've ruined some good clinics in this area. I'm glad to see that others like yourself are seeing it too. Private equity has ruined a lot of businesses across the spectrum
To other doctors in residency out there, you are 100% a fool to join a PE owned group. My last group cut health insurance to increase the bottom line LMAO. Pinching Pennies to make it more profitable and this easier to sell. The challenge - find me 1 single PE doctor who wasn’t bought out (an associate) that says “I love my PE job.” You won’t find it
As a doc and PNHP member I'm so thrilled to see you use your platform to put out these messages! People need to see how bad things are. Hopefully they will vote change!
Don't forget the overwhelming statistics that show for profit health care results is worse outcomes than universal healthcare systems. Higher profits mean lower life expectancies. USA USA...sob
So you're telling me thay you can purposely try to fail this job interview and still get it vause they got no one to work for them and they dont pay you?
I just have to appreciate the banner at the bottom that says "From a doctor licensed in the US." The best comedy is the closest to the truth, and sir, this is nervous laughter.
As I listened, I could feel reactions well up like anger, fear, sadness and, finally, some hope. Thank you, Dr. Glaucomflecken. That was quite a scary trip and well worth the ride.
I wonder if these are the same financial geniuses who figured out that they can replace doctors with NPs, PAs, CRNAs and bill patients the same. But just think of how good the champagne in their hot tub is.
I have tried to type any sort of intelligible comment for far too many minutes now. This whole mess makes me both sad and angry, in soul-sucking, painful, and depressive ways.
Getting a hard truth across without breaking character or losing the light tone? Frkn genius. Comedy really is the hardest art. Well done, Dr G. And I'm an old ER nurse, so i don't compliment doctors! 😂
My husband still lives in the US, I am in Canada. The health care situation there is so very frightening to me. I hope everyday that nothing bad happens to him before he can immigrate.
@@JohanWXC you know nothing about the Canadian health care system. You obviously bought into the propaganda in the USA. There is no income cap. Also why are you bringing in doctors in India? They have a different system to Canada... Plus 200 a day? Bull! At 15 minutes a patient that would take 50 hours. You really have to get off the propaganda and conspiracy theories.
A lot of private medical practices on Long Island have sold to giant non profit health corporations where services can all be referred and performed in house. Most of these mega non profits operate similar to PE. Disingenuous to pick on only PE for being money driven when I could not find an in plan anesthesiologist when having a colonoscopy. A lot of people in the medical field (doctors included) are chasing the dollar.
The government and insurance companies carry much of the blame for the anesthesiologists not being willing to take the poor reimbursements from your insurance for their services. In short, the government sets rates through Medicare (relative value units) to try to establish what relative fees should be for different services. Most insurance companies are lazy and just adopt these same proportions to some degree. As a result, some services are reimbursed very poorly while others are reasonable and others are quite lucrative. I have real world examples of how those fees can be all over the board and make no sense to those involved with the provision of those services. Now, if the GI doctors get reimbursed sufficiently, they will choose to participate with your insurance and their rates of pay. If your insurance reimburses poorly for anesthesia, the anesthesia doctors can choose not to participate with your insurance. It doesn't necessarily make them greedy for not being willing to accept really poor reimbursement for their services.
A dark but genuine question: If a person in US tries to kill himself because of inability to pay student loans, insurance or medical bills and a hospital revives him, can he ever refuse to pay because he didn't ask for it and the hospital bills kind of killed him in the first place? Or are things not THAT bad in the US. Just asking as a foreigner.
No, he'd still owe those bills. If he didn't have insurance and was truly poor, someone at the hospital might help him get setup with a state/ federal option like Medicaid.
The only saving grace is if he signs a DNR! Do Not Resuscitate means the hospital would not bring him back to life. Of course the hospital would then be looking for any next of kin.
My idea that I have nowhere near the wherewithal to do (plus I'm in Canada so coordinating it would be even harder): 1. Crowdfund the money to hire a top-tier prosecutor 2. Start class-action lawsuit against corporation responsible for US medical shit 3. Somehow counteract the massive amounts of bribery that would definitely occur 4. If you win or make it costly enough that it's a Pyrrhic victory at best, watch the worst people run to some other excessively corrupt industry 5. Probably be assassinated for actually striking a major blow for the working class Welp.
it seems most americans dont wanna hear this but the rest of the world has one favourite, unanymously agreed discussion and its how bad your healthcare system is. its baffling to the rest of the world how you managed to build a healthcare system that bankrupts you for getting basic stitches. the richest country in the world that treats its citizens like indentured servants. the number one reason that people say they do not want to emigrate to the states, despite having every demographic, political and geographic reason to attract citizens, is the healthcare system. its a country that prides itself on freedom and democracy but has corruption so deeply rooted that the average citizen doesnt even know how deep it runs. you have politicians and entire news networks dedicated to running smear campaigns on everyone else's healthcare. the pharmaceutical industry is the single biggest lobbying party in the united states, and had grown by 70% in the last 2 decades. your healthcare itself has higher waiting time than any of the major countries in europe, a fact that is often supressed by comparing the US system to canada's which completely avoids the issue. if the US healthcare industry was a country it would be the 4th richest in the world. almost 20% of an average persons wealth is sucked in by healthcare, and that number is VASTLY pampered by the 1% who control the majority of the wealth. if you were to add on medical costs and income tax of the average US citizen they end up paying more than what the dreaded danish citizen pays, and if the danish are living in a socialist i often wonder what they would call the american system. where is that money going to, if not to improve and provide the best healthcare in the world? do you have banquets and mansions to store your critical care patients? are the hospital beds lined with gold? are doctors fairly compensated based on the essential work they do for the country? are hospitals appopriately staffed and given fair working hours to avoid burnout? is there in fact, anything in the healthcare industry that works towards the wellbeing of the sick and vulnerable, besides the doctors working under these institutions? i have no doubt in my mind that the US healthcare system will go down as one of the most corrupt and exploitative institutions in human history.
Most people want to change it, but many politicians are being lobbied into voting against it. As you said, the corruption runs very deep and it's directly connected to lawmakers. We are currently deadlocked, but I have faith in the younger generations coming up that are beyond tired of the B.S.
Private equity investment companies (e.g. BlackRock) aren't just doing this to healthcare, they're doing it to pretty much every sector across the country. Housing, manufacturing, automotive, etc. Short-term thinking by people whose only concern is the next fiscal quarter, not long-term outlook for the sake of the company/hospital/factory/etc.
Just noticed... PE also stands for Pulmonary Embolism, where a clot goes to your lungs, makes your heart useless, and can kill you dead. Great metaphor!
Hey Doc, could you per chance link the resources you cited in your short? I have a friend that thinks that PE-acquired health systems perform just as good as independently owned health systems. From the quick google search we did, most economic journals from big name institutions (e.g. UPenn, Harvard) says that "...we did not find any evidence of significant reductions in the most unprofitable service lines." I personally could not review the actual article that they are quoting due to the expensive paywall, so there's definitely room for additional scrutiny. Love to hear your thoughts on this and enjoyed the video as well.
news.ohsu.edu/2022/09/02/study-raises-red-flags-about-corporatization-of-health-care-ohsu-investigator-says this is an article that references the study I’m talking about.
0 autonomy and makes you feel bad about yourself? As someone who works in private equity, I can confirm that working for a Mr.Banks type DOES indeed make you feel like this 10/10 do NOT recommend
The same thing has been happening in dentistry. Consolidation of dental practices isn't insidious in itself, but when a lot of these practices are being bought up by private equity backed corporations there is a conflict of interest. That being the best interests of the patients we serve vs the best interests of the shareholders.
"With adequate profit, capital is very bold. A certain 10 per cent will ensure its employment anywhere; 20 per cent certain will produce eagerness; 50 per cent, positive audacity; 100 per cent will make it ready to trample on all human laws; 300 per cent, and there is not a crime at which it will scruple nor a risk it will not run, even to the chance of its owner being hanged." Karl Marx, Capital
Yes! People forget Karl Marx's warning was about how Capitalism would run amok if unfettered by regulations. That seems to be where we are now. Not everything should be for profit. Things like health care, public utilities, fire & police, Post Office---what everyone in society needs--should be non-profit services easily available to everyone regardless of their income. Sadly, healthcare is being taken over by unfettered Capitalism. One wonders--what's next? Post Office, Fire or Police Depts? Think that can't happen? This might just be the beginning. I"m 80--a Postal Retiree with excellent health insurance: Medicare Part B paying primary & BC/BS Fed. Employee Insurance paying whatever Medicare doesn't pay. Have few out-of-pocket costs. Was recently informed the Post Office will no longer have access to Federal Employee Health Insurance starting in 2025. They are "developing" their own Postal Health Benefit Plan (PHBP)--details TBA at open enrollment period Fall of 2024. (I suppose they consider that fair warning) Applies to both current & retired employees. I've got no idea what that means for me but--after an eye-opening experience volunteering as a Washington State Health Benefits Advisor for a while when I retired in 2010--I am not at all optimistic. And nothing I can do about it. Center for Medicare Services has a goal of getting everyone off of traditional Medicare onto private insurance by 2030. Hope my options as a retiree won't just be something like Medicare Advantage! The new Postmaster General is a Trump appointee--a former coporate executive w/no Postal experience and dedicated to using his skills to make the Post Office "more profitable." There are some in Congress who think the PO should be privatized. What a disaster that would be--imagine being charged xtra to deliver mail to an "out of network" zipcode. ") I shudder to think what it might be like a generation or two from now. Heatlhcare may already be past the point of no return.
I feel bad for the generations that follow me. As a Gen Xer I at least remember what medial care was like where I grew up. I rarely saw the doctor unless I broke a bone or it couldn't get fixed with cough syrup, Tylenol, Milk of Magnesia, or Vapor rub. Today you either wind up filing for bankruptcy, in some cases Suicide, or you work the rest of your life to pay the Hospital and all other services that billed you. Seemed like There were less bills back then and I could be wrong. But One visit for AFib It seemed like I had 7 bills two of them I fought. One was for a PA who traveled and sounded more like a salesman pitching his Blood thinner about benefits of taking said Med when I had taken it before. For that 4 minutes they wanted me to pay six hundred and some change. Because he was also out of Network. UGHH and Aaaaaahhhhh
I'm a Gen Xer and saw my boomer father have to file for bankruptcy over medical bills in the 90s. And that was with health insurance. He put off medical care because of the cost and never recovered physically or financially. It wasn't all better in the good old days. It sounds like you were fortunate to not notice while you were young and healthy. The ACA has helped in some ways. Coverage for pre-existing conditions and eliminating lifetime caps being two big improvements. And I think medical billing transparency laws are becoming more common. And yet there are politicians who would roll back what little progress has been made.
אני מישראל כך שאני לא נתקל לשמחתי הרבה בבעיות האלה בתור רופא.. משמח לראות את הצעד הקטן לרווחת המטופלים. שמח לצפות בתוכן שלך ולצחוק עד עמקי נשמתי.. בהצלחה!!
@@smellypatel5272shut the hell up and focus on your self you piece of shit bastard and stop believing in lies just because you want to always find someone to blame for your issues this is why the youtuber doesn’t like you you act like you are in private equity
One challenge and the reason why PE sees an opportunity in so many hospitals is that non-profit hospitals often aren't run efficiently. I've seen many non-profits using old protocols that are more expensive rather than current evidence based medicine. Or hospitals having 4+ hip/knee implant vendors because all the docs are 'friends' with their sales reps and the non-profit doesn't worry about profit enough to negotiate harder and not shovel money into the hands of vendors. PE has lots of issues, but let's not pretend that non-profit hospitals don't have their own issues.
@@dalpz205 various structures, but a non-profit who's 'mission' is healthcare for the poor could sell the hospital and use that money to establish a fund that would pay for healthcare for poor people. In theory, it's the same mission, just a conversion of one asset type to another, so no legal issues.
The fact that this "private equity" exists, is already a strange thing for me. How can "equity" be "private"? The whole point of equity is that it has to be for all, and not for a restricted number of people, because in that case it's not "equity", but "priviledge".. After all, in a country plagues by an absolute and uncontrolled capitalism, ot doesn't surprise me that jobs like these exist as if it was a normal thing.
If you’re wondering why you don’t hear more about private equity from physicians, it’s because some of them receive significant financial gain from selling to PE and the ones who don’t, the doctors who have to work as an employee under PE, are contractually prohibited from speaking out against ole Barty Banks. It’s really bad.
That why the medical costs are so high?
What about physicians who don't agree with mask or COVID vaccine mandates? The media crucifies them for even daring to speak their opinion because they're ostensibly "against science". But science involves the process of constant criticism of established orthodoxies and refinements for better outcomes overall. Scientific healthcare professionals aren't out to deify, but always question and critique.
Can you blame people for wanting to earn some money? I think it is jelousy speaking, you'd rather be Banks but don't have a bank account for it.
What do you recommend to combat private equity involvement in healthcare?
@@android199ios25I don’t blame them, people will do what they need to do to take care of themselves and their families, but those decisions have consequences for patient care
"Hey mom! I totally aced that interview."
"That's great honey. So you got the job?"
"Nah, bolted out the door. They're not getting my soul today!"
No character in the Glaucomverse has a more punchable face than Bartholomew Banks. Which is funny, because he has the same face as every other character.
I can smell the cologne and arrogance through the screen.
Seems like a Draco Malfoy kinda guy - gets even slightly offended "OH, MY LAWYER OUTTA HERE ABOUT THIS!"
@@emphasis20Even his photos ooze snake oil from the frames.
Idea: sell a BB punching bag paired with a Jonathan nodding figurine; J figurine automatically nods every time BB is punched. 🤣
@@maggiedhue9349Which is coincidentally what he slicks his hair back with.
I interviewed with a private equity group, and the physicians interviewing me had the same "Get Out" vibes. When one of them offered to put in a good word for me with a non-private equity group in the area, one of the corporate recruiters instantly entered the room and sat in on the remainder of the interview. It was apparent she had been eavesdropping. I just hope that doc didn't get in too much trouble. Needless to say I did not take that job.
What the fuck what the fuck what the fuck
Now that’s horrifying, you think the recruiter had something set up in the room or did she really put her ear on the door for your interview xd
Oh good lord. We’re all doomed aren’t we?
Good thing we live in a free country /s
Definitely not corporate pawns.
The land of the free
Dr G..you are great for making these straight shooting videos aimed at the corrupt and heartless corporations.
I'm and MBA student, and I have a few colleagues looking into PE.
Very proud of my accounting prof who, in a required class, called our private equity for "sucking the life" out of what they buy and "hollowing out" the workforce. The finance bros were so shell shocked it was incredible.
Reminds me of what I like to call the "Costco Effect." People want to optimize Costco, to pay the workers less, increase prices, and trim the fat. The thing is, people go to Costco because the people who work there are happy to work there and because the prices are good. If you incrementally make it a worse place to be, people won't want to go there.
Instead of looking at next-quarter gains, look at multi-year continued success. It's healthier for all.
@@ae3qe27u3 That would require that they actually care about the long-term prospects of the business and not just getting as much profit as fast as possible and getting out before the whole thing collapses.
I just finished my MBA last month, and my M&A professor ripped into PE. I work in PE all my colleagues are finance bros, and I 110% take my professor’s side
Private equity IS soul sucking
I'll be done my MBA in a month. These learnings plus medical school have my brain in knots of conflict and confusion.
As a software engineer I too despise the finance bros.
You can only imagine how terrible their technically inept ideas are.
At least I don't have to deal with the most morally bankrupt among them though, but I feel for the poor hospital professionals. I only have to deal with finance bros running with as much direction about technology as chickens without their heads and that's terrible already.
I'd love to see a face off between Jonathan and Bartholomew Banks.
Bartholomew Banks will sell everything to Jonathan
@@AznJsn82091 I just need to see Banks break under Jonathan's holy gaze.
@@AznJsn82091jfc, don't we all wish.
I want to see Banks wheeled into his own “investment” with locked in syndrome and no ID, treated just like he demands patients who can’t afford treatment are treated.
Lol I foresee the first head shake from Jonathan
It would be a tragic shame if Mr. Bank's yacht suddenly became a submarine in the middle of the Caribbean.
"Here orca orca orca"
In international waters... with a mysteriously unregistered ship nearby that had absolutely nothing to do with it... and was miraculously able to save only the lives of the working-class staff... such a tragic hypothetical event.
@@BirchMonkey857 Tragic, so tragic. I do hope their bodies don’t poison the fish. 😂😂😂😂
"It imploded."
...Too soon?
@@IsyAweigh Never 😂
Imagine if the medical errors and bad outcomes impacted the finances of private equities? Instead of the burden of risk on the physicians.
Problem is that denying paying for care (which cause said bad pt outcomes) is PROFITABLE for these ppl. 😢
Imagine if doctors weren’t so drained from burnout that they actually had the will to fight against the systemic inferiority of the care and get a reminder that the medical errors and bad outcomes impact the patients most of all. The medical community general acceptance and apathy and total disconnect from the actual delivered product is just as bad of a mentality as the private equities.
@@lijohnyoutube101 Private equities don't do this out of a mentality though. They're doing it because thats literally what the system calls for, its in their nature as a business offering a service to make as much profit as they can. The medical community need to work to survive, I dont think theres much they can do to address private equities.
@@hongo9111 absolutely it’s a business model I COULD not agree more…but it’s a business model BECAUSE that mentality is allowed to exist. The business exists because it provides benefits for some in the way of profits. If the mentality wasn’t accepted people wouldn’t work there, regulations would exist to cease activities that actively cause harm, etc etc
Evil exists in trillions of ways in our society and monsters justify, and the weak benefit and turn the other cheek and few with power raise their voices as having power often is obtained from a balance of control and not rocking the boat. What exists in a society is what happens because we all allow it to exist.
Nah, PE is all about privatizing profits and socializing losses.
I actually felt relieved at the end of this video that Interview Bro managed to keep his soul.
Maybe he hasn't gotten his first Student Loan Repayment bill yet.
Stay Strong, Interview Bro!!
Interview Bro ❤
I went through this with my doc (medical assistant). He was private practice internal medicine, sold to Kennedy, which was bought out by one corporation, which was then in turn bought out by another. Corporate Healthcare is such a nightmare 😫
Thank you for shining light on the greed that has infiltrated HC. No human was born wanting financial ruin from a surprise medical condition. It is unethical to literally bleed people dry.
I believe that if we keep shining light on this matter (ESPECIALLY AS MORE BOOMERS ENTER HC FACILITIES); people will see the need for reform.
I was wondering when Barty Banks was going to make a comeback! Great video, doc!
I love these “insights into the reality of commercial medicine” videos you do. I’ve watched dozens if not hundreds of your vids and I remember aspects of them, the characters, the humor… but the one I remember best and most entirely is a doc trying to get a procedure approved from the insurance call center… what’s sad is that as funny as they are, they don’t detract from the truth of the thing:
Our medical care, insurance, regulatory, and pharma systems are ALL so fucked up we may never be able to fix them… and that’s heartbreaking. 💔
We would be able to fix them, it's just we need regulations to stop the greed, and that's not going to happen.
@@Birdsong-Annalee I agree with that statement completely, but the people who would be setting those regulations are controlled by greed.
We could fix it, it's not broken beyond repair. The people who's job is to fix it are the ones broken.
Every attempt in the past two decades was killed in house committees, there will likely be more progressive people in office in the next few cycles so we might be able to have serious chances soon
Will not lie, as a resident, one of the dreaded things we have to do some times is call insurance companies - especially when we're pretty sure a high risk patient may not be able to do it themselves.
One of my proudest moments remains getting PA for a VERY NECESSARY med for a patient about to be discharged from the hospital in the evening. It meant staying late, but getting that "ok" from the insurance rep gave me peace of mind that night that was priceless.
@@Birdsong-Annalee you just said exactly the same thing they said… we need regs to manage corporate greed and price gouging. I’m confused what you’re taking issue with… you seem to be in full agreement with each other.
Omg
I relate so much to this. Im 🤏this close to quitting my job because of this same reason. The peoples lives we save.. the look in their eyes when they see the final bill.. knowing they may have nothing to go back to.... haunts me.. literally haunts.
It sucks the soul right out of you, doesn't it? 😢
There is so much good you can do in another role. Best wishes to you!
You get it so right, every single time. Genius! Thanks for all you do!❤
What frustrates me the most is how easy we could fix it if our lawmakers cared
Unfortunately, they don't because they do not receive the low quality care that the common folk get...so why do they care?
The lawmakers can't hear the sound of their consciences over the whirring of their yacht engines...
If they would care they would not be in the positions of the lawmakers.
Lawmakers care about what gets them reelection wins. If they don’t get reelected they can’t do anything at all. Lawmakers with few exceptions . Want something to get changed… get people to care.
Also politics is a very very deep topic with vast complexity and rather than studying and understanding it many are brainwashed to hate it and write it off instead to become educated and wade in to play. Also we tell great lies in this society as to the general cognitive functioning of adults. Approximately 25 percent of adults in the US aren’t literate or understand basic problem analysis beyond 3rd grade level with some somewhat small variation from state to state in the data and the given nature of a particular study. We pretend to walk among mostly stable adults with decent reasoning skills but it’s sadly far from true.
@@christinefischer2137I don’t agree with that for the majority.
If you didn’t get the PE job, you aced the interview.
I spent 1 year being instructed to risk my PA license, and more importantly patient safety, working with a company that was acquired by a private equity firm while I was in contracting/credentialing. I did what I could to speak up and do right by my patients and resigned with my soul mostly intact the day my contract expired.
Never. Again.
I am from Canada, just started a residency in an American program. The very 1st lecture we had during orientation was about proper charting to ensure "maximum billing." All tests and diagnostic procedures in EPIC have price tags, and costs are horrendous. A pelvic ultrasound is over 5K, although one could get a CT scan with reading in another state for $250. Some attendings are cognizant about a possible financial burden for a patient, but some care only about "maximum billing." It is hard to process.
thats where unregulated extreme capitalism takes you... unless people have ethics, everything will become for-profit only
Here's to all those "Good" "Compassionate" people, who are so fiercely determined to ensure that "Nothing Fundamentally Changes."
As someone who works in healthcare in Europe....
America. We need to have a chat.
please don't, else our financial sectors could get ideas... just look at the uk...
Or Sweden...
B**chslap us into sanity, please!!
No, thanks. I'd rather get surgery when I actually need it and have increased chances of cancer survival if the disease ever finds me. Redistributing an out-of-control cost is almost never an effective solution; it only costs the average, tax-paying citizen far more than it should. The first rule of economics is supply and demand. Government invasion of corporations always hampers supply and drives cost increases. Then, the imbecilic leftists resolve to redistribute the problem instead of addressing it. If you want to decrease the costs of healthcare overnight, stop treating everyone who walks into an ED with a jammed toe having no intention whatsoever to compensate highly educated and skilled employees for their time and services.
There's nothing inherently wrong with private healthcare. Up until very recently (1970s) it was perfectly affordable but then hospitals started becoming corporatized at the same time the government began imposing one regulatory hurdle after the next, driving up patient care costs. Just like with seemingly every other sector, hospitals are being consolidated into the ownership of fewer and fewer hands which, in turn become more and more distant from their customers/patients. Really, we should be looking to how things were done in the past, before costs started skyrocketing and attempt to recreate those conditions instead of another system.
As a physician, I have seen this first hand. One reason (of the many) that medical care costs so much is that medicine is now run by big corporations.
Please look after yourself. You speak unspeakable truths!!!❤
THIS!!! This right here is why as a non-medical person no longer trusts hospitals. I'm sure there are so many AMAZING doctors, nurses, and staff, but they must follow protocol.
I'm from Germany 🇩🇪 and our healthcare system really isn't perfect, but this makes me wanna cry 😢. Guys, I hope one day you all have universal healthcare. You deserve it 😘. Much love ❤
Thank you ! Your system is a good example of what works for ALL.
@@Birdsong-Annaleeour system recently allowed private equity to buy/run doctor‘s practices. so, the GP around the corner might work for PE.
clearly taking away the wrong lessons from the US.
@@julesk1567only in berlin. berlin doesn’t belong to germany
@@julesk1567The problem is that any government system is going to be run by people, and there's a percentage of humanity who can always be bought, even if it means leaving the people they ostensibly serve vulnerable to financial predation.
@@julesk1567 yes, but we also had private hospitals for a long time. I absolutely believe that hospitals should be municipally run, but the private hospitals are not running amok. They negotiate their payments with the association of public health insurance and _they_ have a strong hand.
employers will 200% lie to you with no hesitation. This interviewer must be new; still has a conscience
We need greed out of the equation to preempt those who prioritize wealth over health. Thank you for shining a light on inequities so we can fix our system.
This eye doctor is unstoppable. Taking on Goliath just by himself
I'm currently in law school, but I have a background in the business side of healthcare (not PE though). I've taken several health law courses and the more I learn about PE, the less I like them. And it's not just human healthcare. Our vets are being snatched up too, all over the country. They're pushing profit over everything else, forcing vets to work ridiculous hours, dropping non-money-making services (like boarding animals, especially cats).
I'm a vet with a small private practice. PE has parasitized this profession. They've ruined some good clinics in this area. I'm glad to see that others like yourself are seeing it too. Private equity has ruined a lot of businesses across the spectrum
To other doctors in residency out there, you are 100% a fool to join a PE owned group. My last group cut health insurance to increase the bottom line LMAO. Pinching Pennies to make it more profitable and this easier to sell.
The challenge - find me 1 single PE doctor who wasn’t bought out (an associate) that says “I love my PE job.” You won’t find it
watching this after being billed $5,000 for surgery ($1,200 of which was for being in a recovery room for 45 minutes) really hits different
You are literally the only channel I watch every, single, video from. Gold every time
PE:
1) A leading acute cause of patient mortality; may present with shortness of breath, chest pain, and signs of distress.
2) Pulmonary Embolism
As a doc and PNHP member I'm so thrilled to see you use your platform to put out these messages! People need to see how bad things are. Hopefully they will vote change!
Don't forget the overwhelming statistics that show for profit health care results is worse outcomes than universal healthcare systems. Higher profits mean lower life expectancies. USA USA...sob
So you're telling me thay you can purposely try to fail this job interview and still get it vause they got no one to work for them and they dont pay you?
I just have to appreciate the banner at the bottom that says "From a doctor licensed in the US." The best comedy is the closest to the truth, and sir, this is nervous laughter.
I am in finance but wanted to be a doc, Your P.E videos are pure gold for me🤣💛
As I listened, I could feel reactions well up like anger, fear, sadness and, finally, some hope. Thank you, Dr. Glaucomflecken. That was quite a scary trip and well worth the ride.
the first rule of private equity is: do not sell out to private equity.
the second rule of private equity is:
DO NOT SELL TO PRIVATE EQUITY
I LOVE these super pointed videos!! Perfection.
I wonder if these are the same financial geniuses who figured out that they can replace doctors with NPs, PAs, CRNAs and bill patients the same.
But just think of how good the champagne in their hot tub is.
One can only wonder what would come between Private Equity and Neurology. If they even cross paths that is
(cackles in my local PE hospital getting forcibly bought out by the government)
Man socialised healthcare is alright
I work with some of the best cardiologists in the country and it kills me to see them getting the life sucked out of them by corporate overlords.
Why haven't we started calling it Hellthcare?
Good one! 😂
This is your best kind of content. Getting the message out to the younger generations who can hopefully bring change.
I have tried to type any sort of intelligible comment for far too many minutes now.
This whole mess makes me both sad and angry, in soul-sucking, painful, and depressive ways.
Getting a hard truth across without breaking character or losing the light tone? Frkn genius. Comedy really is the hardest art. Well done, Dr G. And I'm an old ER nurse, so i don't compliment doctors! 😂
My husband still lives in the US, I am in Canada. The health care situation there is so very frightening to me. I hope everyday that nothing bad happens to him before he can immigrate.
@@JohanWXC you know nothing about the Canadian health care system. You obviously bought into the propaganda in the USA. There is no income cap. Also why are you bringing in doctors in India? They have a different system to Canada... Plus 200 a day? Bull! At 15 minutes a patient that would take 50 hours.
You really have to get off the propaganda and conspiracy theories.
A lot of private medical practices on Long Island have sold to giant non profit health corporations where services can all be referred and performed in house. Most of these mega non profits operate similar to PE.
Disingenuous to pick on only PE for being money driven when I could not find an in plan anesthesiologist when having a colonoscopy. A lot of people in the medical field (doctors included) are chasing the dollar.
Yes doctors are not blameless. I have addressed this in other videos
The government and insurance companies carry much of the blame for the anesthesiologists not being willing to take the poor reimbursements from your insurance for their services. In short, the government sets rates through Medicare (relative value units) to try to establish what relative fees should be for different services. Most insurance companies are lazy and just adopt these same proportions to some degree. As a result, some services are reimbursed very poorly while others are reasonable and others are quite lucrative. I have real world examples of how those fees can be all over the board and make no sense to those involved with the provision of those services. Now, if the GI doctors get reimbursed sufficiently, they will choose to participate with your insurance and their rates of pay. If your insurance reimburses poorly for anesthesia, the anesthesia doctors can choose not to participate with your insurance. It doesn't necessarily make them greedy for not being willing to accept really poor reimbursement for their services.
To win is to not participate.
Bartholomew Banks speaking some foreign language understood only by other Bartholomew Banks.
A dark but genuine question: If a person in US tries to kill himself because of inability to pay student loans, insurance or medical bills and a hospital revives him, can he ever refuse to pay because he didn't ask for it and the hospital bills kind of killed him in the first place?
Or are things not THAT bad in the US.
Just asking as a foreigner.
No, he'd still owe those bills. If he didn't have insurance and was truly poor, someone at the hospital might help him get setup with a state/ federal option like Medicaid.
@@Nikki-lodeon didn't millions get dropped as part of a post COVID purge
The only saving grace is if he signs a DNR! Do Not Resuscitate means the hospital would not bring him back to life.
Of course the hospital would then be looking for any next of kin.
@@vickiepatterson1748 so a person can technically kill themselves in the US if they sign a DNR?
@@vickiepatterson1748 but doesn't the doctor sign that not the patient?
My idea that I have nowhere near the wherewithal to do (plus I'm in Canada so coordinating it would be even harder):
1. Crowdfund the money to hire a top-tier prosecutor
2. Start class-action lawsuit against corporation responsible for US medical shit
3. Somehow counteract the massive amounts of bribery that would definitely occur
4. If you win or make it costly enough that it's a Pyrrhic victory at best, watch the worst people run to some other excessively corrupt industry
5. Probably be assassinated for actually striking a major blow for the working class
Welp.
Can I get a heart doc?
Thank you so so much Doc! ♥️
You really need to add a thunder sound effect between "bartholomew banks" and "private equity"
also you're a very good actor
That thunder sound would be really dope. 😅😅
it seems most americans dont wanna hear this but the rest of the world has one favourite, unanymously agreed discussion and its how bad your healthcare system is. its baffling to the rest of the world how you managed to build a healthcare system that bankrupts you for getting basic stitches. the richest country in the world that treats its citizens like indentured servants. the number one reason that people say they do not want to emigrate to the states, despite having every demographic, political and geographic reason to attract citizens, is the healthcare system. its a country that prides itself on freedom and democracy but has corruption so deeply rooted that the average citizen doesnt even know how deep it runs. you have politicians and entire news networks dedicated to running smear campaigns on everyone else's healthcare. the pharmaceutical industry is the single biggest lobbying party in the united states, and had grown by 70% in the last 2 decades. your healthcare itself has higher waiting time than any of the major countries in europe, a fact that is often supressed by comparing the US system to canada's which completely avoids the issue.
if the US healthcare industry was a country it would be the 4th richest in the world. almost 20% of an average persons wealth is sucked in by healthcare, and that number is VASTLY pampered by the 1% who control the majority of the wealth. if you were to add on medical costs and income tax of the average US citizen they end up paying more than what the dreaded danish citizen pays, and if the danish are living in a socialist i often wonder what they would call the american system. where is that money going to, if not to improve and provide the best healthcare in the world? do you have banquets and mansions to store your critical care patients? are the hospital beds lined with gold? are doctors fairly compensated based on the essential work they do for the country? are hospitals appopriately staffed and given fair working hours to avoid burnout? is there in fact, anything in the healthcare industry that works towards the wellbeing of the sick and vulnerable, besides the doctors working under these institutions? i have no doubt in my mind that the US healthcare system will go down as one of the most corrupt and exploitative institutions in human history.
Most people want to change it, but many politicians are being lobbied into voting against it. As you said, the corruption runs very deep and it's directly connected to lawmakers. We are currently deadlocked, but I have faith in the younger generations coming up that are beyond tired of the B.S.
Not quite first but we weren't aiming for first. We were aiming for first in class...
My son is currently applying to 35 different medical schools because he wants to be a doctor for all the good reasons. This stuff sure scares me.
The greatest intro in any Dr. Glaucomfleken video is “Bartholomew Banks… Private Equity.”
He’s like a demon or Voldemort (from the books) you can’t say his name or you’ll summon him
Private equity investment companies (e.g. BlackRock) aren't just doing this to healthcare, they're doing it to pretty much every sector across the country. Housing, manufacturing, automotive, etc. Short-term thinking by people whose only concern is the next fiscal quarter, not long-term outlook for the sake of the company/hospital/factory/etc.
When the joke is fun not because it's random, but because it's true 😂
😢
Just noticed...
PE also stands for Pulmonary Embolism, where a clot goes to your lungs, makes your heart useless, and can kill you dead.
Great metaphor!
"This place smells terrible" reminds me a lot of Agent Smith's speech in the Morpheous interrogation scene of the Matrix.
Can't turn it down if they also own all the other hospitals in town though.
Hey Doc, could you per chance link the resources you cited in your short? I have a friend that thinks that PE-acquired health systems perform just as good as independently owned health systems. From the quick google search we did, most economic journals from big name institutions (e.g. UPenn, Harvard) says that "...we did not find any evidence of significant reductions in the most unprofitable service lines." I personally could not review the actual article that they are quoting due to the expensive paywall, so there's definitely room for additional scrutiny.
Love to hear your thoughts on this and enjoyed the video as well.
news.ohsu.edu/2022/09/02/study-raises-red-flags-about-corporatization-of-health-care-ohsu-investigator-says this is an article that references the study I’m talking about.
@@DGlaucomflecken Many thanks
You're one of the first people I've ever seen talk about this openly.
0 autonomy and makes you feel bad about yourself? As someone who works in private equity, I can confirm that working for a Mr.Banks type DOES indeed make you feel like this
10/10 do NOT recommend
The "From a doctor licensed in the US" label is perfect here
In immortal words of Right Honourable Jim Hacker, minister for administrative affairs, a Moral Vacuum.
Hey America... you doin' okay?
Sadly, not-for-profit organizations are following a similar path. Autonomy?
Ha!
The same thing has been happening in dentistry. Consolidation of dental practices isn't insidious in itself, but when a lot of these practices are being bought up by private equity backed corporations there is a conflict of interest. That being the best interests of the patients we serve vs the best interests of the shareholders.
The private equity parasite has slithered into my field (veterinary medicine) as well. This video is spot on
The hospitals by me are supposedly "non profit" but they act just as horribly as the private equity ones
1:26 Soon as he said "you know, we want the same thing from healthcare" with his sly smile, I knew where it was going
Orcas vs Barty Banks! I'm so excited for that match!
You wouldn’t be able to make a solutions video for us med school students, would you? Someone needs to wipe that smug look off of PE’s face.
"With adequate profit, capital is very bold. A certain 10 per cent will ensure its employment anywhere; 20 per cent certain will produce eagerness; 50 per cent, positive audacity; 100 per cent will make it ready to trample on all human laws; 300 per cent, and there is not a crime at which it will scruple nor a risk it will not run, even to the chance of its owner being hanged."
Karl Marx, Capital
Yes! People forget Karl Marx's warning was about how Capitalism would run amok if unfettered by regulations. That seems to be where we are now. Not everything should be for profit. Things like health care, public utilities, fire & police, Post Office---what everyone in society needs--should be non-profit services easily available to everyone regardless of their income. Sadly, healthcare is being taken over by unfettered Capitalism. One wonders--what's next? Post Office, Fire or Police Depts? Think that can't happen? This might just be the beginning. I"m 80--a Postal Retiree with excellent health insurance: Medicare Part B paying primary & BC/BS Fed. Employee Insurance paying whatever Medicare doesn't pay. Have few out-of-pocket costs. Was recently informed the Post Office will no longer have access to Federal Employee Health Insurance starting in 2025. They are "developing" their own Postal Health Benefit Plan (PHBP)--details TBA at open enrollment period Fall of 2024. (I suppose they consider that fair warning) Applies to both current & retired employees. I've got no idea what that means for me but--after an eye-opening experience volunteering as a Washington State Health Benefits Advisor for a while when I retired in 2010--I am not at all optimistic. And nothing I can do about it. Center for Medicare Services has a goal of getting everyone off of traditional
Medicare onto private insurance by 2030. Hope my options as a retiree won't just be something like Medicare Advantage!
The new Postmaster General is a Trump appointee--a former coporate executive w/no Postal experience and dedicated to using his skills to make the Post Office "more profitable." There are some in Congress who think the PO should be privatized. What a disaster that would be--imagine being charged xtra to deliver mail to an "out of network" zipcode. ")
I shudder to think what it might be like a generation or two from now. Heatlhcare may already be past the point of no return.
don't forget the part where they cash out and leave the hospital practically insolvent with hundreds of millions in debts!
Love the videos, but now scared to visit any doctor!! 😂
Take heed from this, fellow Canadians. Our health care is headed in the same direction.
I feel bad for the generations that follow me. As a Gen Xer I at least remember what medial care was like where I grew up. I rarely saw the doctor unless I broke a bone or it couldn't get fixed with cough syrup, Tylenol, Milk of Magnesia, or Vapor rub. Today you either wind up filing for bankruptcy, in some cases Suicide, or you work the rest of your life to pay the Hospital and all other services that billed you. Seemed like There were less bills back then and I could be wrong. But One visit for AFib It seemed like I had 7 bills two of them I fought. One was for a PA who traveled and sounded more like a salesman pitching his Blood thinner about benefits of taking said Med when I had taken it before. For that 4 minutes they wanted me to pay six hundred and some change. Because he was also out of Network. UGHH and Aaaaaahhhhh
I'm a Gen Xer and saw my boomer father have to file for bankruptcy over medical bills in the 90s. And that was with health insurance. He put off medical care because of the cost and never recovered physically or financially. It wasn't all better in the good old days. It sounds like you were fortunate to not notice while you were young and healthy.
The ACA has helped in some ways. Coverage for pre-existing conditions and eliminating lifetime caps being two big improvements. And I think medical billing transparency laws are becoming more common. And yet there are politicians who would roll back what little progress has been made.
Private equity+Boeing = 737MAX-8.
These videos are getting darker and darker as more of the curtain of healthcare gets pulled back😭
אני מישראל כך שאני לא נתקל לשמחתי הרבה בבעיות האלה בתור רופא.. משמח לראות את הצעד הקטן לרווחת המטופלים. שמח לצפות בתוכן שלך ולצחוק עד עמקי נשמתי.. בהצלחה!!
Funny because it's usually the ✡️'s who push for these greedy practices.
Iam from Germany and sadly I sometimes do. Anytime a government worker decides that it's not necessary you will never get it.
@@Dloin It's "his people" who push for those practices that leech out $$
@@smellypatel5272antisemitism much? Though, I may have to look up whether this Banks guy's a jew
@@smellypatel5272shut the hell up and focus on your self you piece of shit bastard and stop believing in lies just because you want to always find someone to blame for your issues this is why the youtuber doesn’t like you you act like you are in private equity
I can’t wait for Dr. Orca to find him on that yacht.
Yes, the Doc tells it how it is!
Good one 👏🏻👍🏻
The problem with this video is that it’s true
😢we’re doomed as a soceity. Completely. Mark my words
Hard to believe United Healthcare isn’t private equity but publicly traded.
Jimothy, you knew what you were signing up for!
One challenge and the reason why PE sees an opportunity in so many hospitals is that non-profit hospitals often aren't run efficiently. I've seen many non-profits using old protocols that are more expensive rather than current evidence based medicine. Or hospitals having 4+ hip/knee implant vendors because all the docs are 'friends' with their sales reps and the non-profit doesn't worry about profit enough to negotiate harder and not shovel money into the hands of vendors.
PE has lots of issues, but let's not pretend that non-profit hospitals don't have their own issues.
I'm curious how PE buying the not-for-profit hospitals is even legal.
@@dalpz205 various structures, but a non-profit who's 'mission' is healthcare for the poor could sell the hospital and use that money to establish a fund that would pay for healthcare for poor people. In theory, it's the same mission, just a conversion of one asset type to another, so no legal issues.
I love this man ❤❤❤
The fact that this "private equity" exists, is already a strange thing for me. How can "equity" be "private"? The whole point of equity is that it has to be for all, and not for a restricted number of people, because in that case it's not "equity", but "priviledge"..
After all, in a country plagues by an absolute and uncontrolled capitalism, ot doesn't surprise me that jobs like these exist as if it was a normal thing.
I am sitting on the edge everyday waiting for a vid drop from u man
"Bartholomew Banks".....😂😂😂😂 I guess "Homer Simpson" is the first patient for this PE backed Hospital....😂😂😂😂
Never sell your soul to the devil! Everyone loses, even the devil!👿