Bill to Ban Private Equity from Owning Medical Practices
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Bill to Ban Private Equity from Owning Medical Practices
Unofficial Hacker News client; not affiliated with Y Combinator.
rrrrrrrrrrrryan · · focus · HN ↗
Younger veterinarians are drowning in school debt and can't buy the practices from the older folks that are retiring. So, private equity is basically snatching all of them up right now, betting that childless millennials are going to pay tons of money on veterinary care when their pandemic pups begin to reach end-of-life.
They're going to cut wages for all the staff, and hike all the prices, because unlike with human medical care, there's hardly any regulation (yet).
mlsu · · focus · HN ↗
We were flabbergasted. Asked the tech what was optional or what was required as part of our visit and he said, oh, just the top line item for the exam. $95.
It has to be illegal to do that. I feel like next time I go in there they are going to give me the ol' Clark Stanley runaround.