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Bill to Ban Private Equity from Owning Medical Practices

509 points · 384 comments · paimapi

  1. burnt-resistor · · focus · HN ↗
    PE buys up hospitals to gut them, make them less capable, and cheaper to run.

    Then, they buy up air ambulance services to unnecessarily fly patients to other hospitals they own because it's more profitable at the expense of care delays and worse outcomes. Meanwhile, patients and their families are stuck with exorbitant air ambulance bills $20k-60k.

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