Posted by paimapi 1 day ago
I am sure most workers would prefer to get that extra 11% as a cash raise, but because healthcare costs are out of control the same care costs 11% more.
Certainly some companies will throw up their arms and hire someone overseas instead.
If they are at the cap, they wouldn't have passed on the benefits from controlling costs anyway because the cap is generous and reaching it proves that they have enormous pricing power.
There is simply no way that lifting the generous cap results in benefit to the consumer. It's a slimy self-serving talking point through and through.
Medicine is already held back enough by the lack of ability to use debt to finance its sales, unlike almost every other industry; you can repossess a car but you can't repo an implant or administered drug, forcing everything to be paid for in cash upfront. Medicine needs as much access to capital as it can get.
Injecting PE into healthcare is what made it vastly worse for everyone in the first place. You can't have it both ways.
VC's can still fund companies that are making expensive new products.
Banks (and PE...) can still underwrite loans for these things.
We have many solutions for capex-intensive businesses and have had these for over four hundred years. LBO-type PE is not even fifty years old yet
I think you misunderstand me. I think what is proposed to be banned (employers of doctors who are PE firms) should not exist. It is strictly not necessary, and there's an excellent example of the consequences playing out across Massachusetts right now (which explains the bill's introduction by Warren)..
I'm not sure how we decided only lawyers can run law firms but that anybody can operate a hospital...
Apologies if an AI summary is offensive to some, but here we go:
> The US is a world leader in advanced and specialist medicine, but its overall system for providing affordable, accessible, equitable medical care to its citizens ranks poorly—last among the 10 comparable high-income countries in the strongest recent comparison.
Both sources are the same site:
https://www.commonwealthfund.org/sites/default/files/2024-09...
https://www.commonwealthfund.org/publications/fund-reports/2...
"Innovation" as in marketing expenses and stock buybacks?