[fprog]

The hospital system near my hometown just announced they are filing for bankruptcy. The parent company that bought it, which itself is owned by private equity, extracted nearly a billion dollars in profit from hospitals before going bankrupt, according to local reporting. I don’t know what the solution is, but PE is a parasitic blight on society.

[xyst]

Simple - healthcare shouldn’t be treated as a business. Flipping profit on people’s illness is absolutely insane.

[renewiltord]

Most hospitals are actually non-profits so in general you have what you want.

[rurp]

No, GP said that hospitals should not be run as a busniess. Non-profit status is just another way to structure a business and, in practice, those hospitals extract a similar amount of money from patients as similar for-profit hospitals.

[briffle]

My local 'non-profit' hospital is one of the most expensive in the state, and has a total monopoly over its area. It paid cash for a $140m new tower right as covid started, and complained loudly about losing $13m one year and having to lay off staff, and not having money to pay nurses more, while sitting on a $1B 'rainy day fund'.