Private equity is scooping up thousands of health care businesses across the nation. If you present at an emergency room there is a good chance you will be treated by a physician employed by a firm backed by private equity investors. In some cases, entire hospitals are being purchased or managed by firms backed by private equity. Increasingly, physician practices are being bought up by private equity investors. The profit motive is worrying many stakeholders, fearing high prices and lower quality. Kaiser Health News has a series of articles on private equity investing in health care.
Author: Devon Herrick
Texas Judge Strikes Down Some ACA Free Services
A federal judge in Texas ruled that some of the mandated benefits in health plans governed by the Affordable Care Act are unconstitutional. The Texas lawsuit was filed by conservative stakeholders.
U.S. District Judge Reed O’Connor… ruled that the members of one of the three groups that make coverage recommendations, the U.S. Preventive Services Task Force, were not lawfully appointed under the Constitution because they were not nominated by the president and confirmed by the Senate.
Biden Announces Cancer Moonshot but Shoots America in Foot
On Monday President Biden announced a Cancer Moonshot. The speech was delivered on the 60th anniversary of President Kennedy’s speech announcing his proposal to send a man to the Moon and return him safely to Earth. The Cancer Moonshot speech was delivered at the Kennedy Library in Boston. Leaning into the symbolism of President John F. Kennedy’s…
Americans Boozed it Up During the Lockdown and Never Stopped
During the pandemic Americans were stuck at home with little social outlet and apparently boozed it up to relieve the stress of Covid, according to an article in The New York Times. Or maybe they thought alcohol taken internally was a good sanitizer for Covid.
Alcohol tax revenues collected by the U.S. Treasury Department rose by eight percent in the fiscal year that ended on Sept. 30, 2021, compared with the previous year, and remain well above pre-pandemic levels.