Posted by paimapi 1 day ago
There’s a reason very few guild-like professions have survived to the present day.
Then they should work for the doctors who do.
Also, I don't think they're particularly opposed to owning their practice. I can understand them not wanting to manage a business. But for that problem, they can hire professional managers. Which is basically how hospitals work; if the doctors all want the CEO replaced, he gets fired. There's a physicians board and the trustees tend to listen to it.
Gasp! The horrors!
Because there’s many shades of gray here, no?
She stayed in the race for Super Tuesday in 2020 rather than consolidating the progressive vote for Sanders.
Right before, her campaign accepted millions in funding from billionaires after promising not to. Her comment was roughly, as soon as others stop taking billionaire money, I will stop.
The short-term fix is banning PE. The long-term one is restricting the leverage these groups can take. Then put limits on upstream leverage. We have these across our economy. We just don’t apply them to this sector.
Most state bar associations require a lawyer (or group of them) to own law firms. That _doesnt_ prevent law firms from doing crazy deals to gain liquidity for their partners, including from private equity.
Dictating who has to “own” something just incentivizes people to separate ownership from financial benefit. In most cases that’s just plain worse than letting real ownership happen.
If there is a business practice you don’t like, regulate the practice, not the corporate structure.
Ask an American hospital how much something costs - you will get a completely fake price back, this is a sign of a totally broken market.
And why is this so prevalent? It's subject to huge subsidy and regulatory capture
Because the law doesn't force them not to?
It's very wild to me that you're like "This organization is lying to me, so what we need less of is people telling them what to do."
You think the government tells hospitals to lie to you? The hospitals lie because the government doesn't force them not to. Laissez-faire capitalism causes that. Regulation is needed to fix it.
What do you think would force hospitals to give you real prices if not the law?
A) can probably only be fixed with regulation. Why would hospitals and insurance otherwise make prices transparent? The current state serves them really well.
we should make it a public a service without a profit motive
It's important to fight it now before it is too late and other places also fall apart into a degraded, predatory, dystopian US system !
In most states a law firm's owners must all be individuals licensed to practice law (i.e. lawyers).
Why not the same thing for medicine?
Hospitals are massive byzantine organizations with so many management layers and so many shady billing techniques, from charging for procedures not performed, to changing what they charge you based on when they find out how much you can pay, it's crazy. What other business forces you to sign a waiver agreeing to pay whatever they decide to charge you, without them telling you what that is, or they will refuse to serve you?