Private Equity Is a Parasite Consuming the US Health System
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Photo caption: Dozens of nurses and activists protest the practices of the equity firm’s health unit, Steward Health Care Systems, outside offices of Cerberus Capital on December 20, 2011. […] Photo credit: Spencer Platt / Getty Images. Article by F. Douglas Stephenson. Common Dreams – November 29, 2022.
As Americans are overwhelmed with medical bills, patient financing is now a multibillion-dollar business, with private equity and big banks lined up to cash in when patients and their families can’t pay for care.
Private equity has succeeded in depicting itself as part of the productive economy of health care services, even as it is increasingly being recognized as being parasitic. The essence of this toxic parasitism is not only to drain the host’s nourishment, but also to dull the host’s brain so that it often does not even recognize that the parasite is there. This is the illusion that health care services in the United States suffer under today. […]
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