🚀 go-pugleaf

jmfbahciv <See....@aol.com> writes:
> Not anymore.  Doctors used to have their own business.  Now they're
> an employee.  Nurses have to join the local union.  That means
> that union rules usurp care practices.

accelerated substantially by private-equity ... they acquire businesses
and then extract money in every way possible.

AMEX was in competition with KKR for private-equity take-over of RJR,
KKR wins but then runs into trouble and they hire away president
of AMEX to help
https://en.wikipedia.org/wiki/Barbarians_at_the_Gate:_The_Fall_of_RJR_Nabisco

later at the turn of the century, the former AMEX president has become
head of another large private-equity company Barbarians at the Capitol:
Private Equity, Public Enemy
http://www.motherjones.com/politics/2007/10/barbarians-capitol-private-equity-public-enemy/

Lou Gerstner, former ceo of ibm, now heads the Carlyle Group, a
Washington-based global private equity firm whose 2006 revenues of $87
billion were just a few billion below ibm's. Carlyle has boasted George
H.W. Bush, George W. Bush, and former Secretary of State James Baker III
on its employee roster

... snip ...

including acquiring beltway bandit that will employ Snowden.

Private-equity will acquire lots of beltway bandits and help accelerate
large increase in outsourcing to for-profit companies. Part of the issue
is gov. agencies aren't allowed to lobby congress, and beltway bandits
aren't allowed to use money from gov. contracts to lobby contracts ...
but its seems that there is no limit on private-equity companies to
lobby on behalf of their subsidiaries. just intelligence, 70% of the
budget and over half the people
http://www.investingdaily.com/17693/spies-like-us
which also significantly accelerates the rapidly spreading "success of
failure" culture (more profit from series of failures) ... especially
large dataprocessing related projects
http://www.govexec.com/excellence/management-matters/2007/04/the-success-of-failure/24107/

However, private-equity also heavily moving into acquiring medical practices
and hospital systems and using every way possible to extract money, even
when illegal (seeing big opportunity with the aging baby boomers)

Private Equity Flouts State Regulations by Buying Medical Practices
https://www.nakedcapitalism.com/2017/08/private-equity-flouts-state-regulations-buying-medical-practices.html

Given how state regulators did intervene in the sale of hospitals, their
complacency in the face of what in many states is an illegal practice,
that of non-MDs owning a medical practice, is surprising.

...

So private equity is doing its part to speed up this sorry trend. While
it appears to be too late to harass complicit state regulators with
letters asking them to explain why they are refusing to enforce the law,
the possibility of single payer represents an even bigger monkey wrench
to private equity's exit plans.

... snip ...

... i.e. not just insurance industry threatened by single payer.

posts mentioning private-equity
http://www.garlic.com/~lynn/submisc.html#private.equity
former amex president posts
http://www.garlic.com/~lynn/submisc.html#gerstner

some past reference mentioning private equity getting into health,
hospital, clinics, dental, etc
http://www.garlic.com/~lynn/2014c.html#17</a> Royal Pardon For Turing
http://www.garlic.com/~lynn/2014c.html#48</a> Royal Pardon For Turing
http://www.garlic.com/~lynn/2014c.html#100</a> Royal Pardon For Turing
http://www.garlic.com/~lynn/2014c.html#106</a> Royal Pardon For Turing
http://www.garlic.com/~lynn/2014c.html#107</a> Royal Pardon For Turing
http://www.garlic.com/~lynn/2014f.html#18</a> Before the Internet: The golden age of online services
http://www.garlic.com/~lynn/2014f.html#42</a> Before the Internet: The golden age of online services
http://www.garlic.com/~lynn/2014l.html#30</a> HP splits, again
http://www.garlic.com/~lynn/2014m.html#70</a> LEO
http://www.garlic.com/~lynn/2015.html#9</a> LEO
http://www.garlic.com/~lynn/2016c.html#65</a> A call for revolution
http://www.garlic.com/~lynn/2016h.html#63</a> GOP introduces plan to massively cut Social Security
http://www.garlic.com/~lynn/2016h.html#97</a> In American Towns, Private Profits From Public Works
http://www.garlic.com/~lynn/2016h.html#110</a> The top 50 hospitals that gouge patients the most
http://www.garlic.com/~lynn/2017d.html#99</a> United Air Lines - an OODA-loop perspective