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Markey, Warren Sound Alarm Over Private Equity Firm's Deal to Buy Doctors Group (www.commondreams.org)

submitted 2 months ago* (last edited 2 months ago) by jeffw@lemmy.world to c/politics@lemmy.world

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[-] APassenger@lemmy.world 20 points 2 months ago

Can we let them, and then the govt buys the PE for $1 and nationalizes?

I'm kinda tired of the profit motive middle people adding cost and calling it value (e.g., insurance no-ers)

[-] IphtashuFitz@lemmy.world 10 points 2 months ago

Fuck private equity firms in general. They just ruin businesses by squeezing every penny out of them, saddling what remains with huge debt, the sells off the husk that remains.

My brother owns a franchise that started out great, but then the founder retired & sold. Two owners later and now a private equity firm owns it and is trying to squeeze all the franchisees with unrealistic demands. My brother is already working on his exit strategy while trying to avoid declaring bankruptcy.

[-] Boddhisatva@lemmy.world 5 points 2 months ago

How can a health care provider go broke? That suggests that they don't make enough money to stay solvent and I find that very hard to believe particularly when they are still attractive to a private equity firm? There's no way such a firm is going to buy any business unless they think they can make substantial money off of it. This really needs to be thoroughly investigated. Also, Private Equity firms all need to be eliminated. Their sole reason to exist is to allow rich mother fuckers to suck more money from the poorer classes.

[-] MediaBiasFactChecker@lemmy.world -4 points 2 months ago

Common Dreams - News Source Context (Click to view Full Report)

Information for Common Dreams:

MBFC: Left - Credibility: High - Factual Reporting: High - United States of America
Wikipedia about this source

Search topics on Ground.News

https://www.commondreams.org/news/steward-health-care-system

Media Bias Fact Check | bot support

[+] eldavi@lemmy.ml -36 points 2 months ago

[removed by mod]

[-] tja@sh.itjust.works 18 points 2 months ago

You also could have added to the discussion. But yet you decided not to

[-] TheTechnician27@lemmy.world 15 points 2 months ago

lemmy.world is already within the global centre-left, which is more than enough to agree that private equity groups buying up doctor's groups is terrible. Even if that weren't true, however, to call what you said misleading would be too generous. World blocks grad, which is just a shithole filled to the brim with tankies; it was never worth federating with. Hexbear at a surface level seems more chapo-y than tankie and from that surface-level perspective seems pretty cool, but the lemmy.world post outlining their decision to defederate clearly showed hexbear as an instance whose own stated policy was to have no respect for other instances' rules as long as it's in service of advocacy.

[-] Mobiuthuselah@lemm.ee 4 points 2 months ago

As an aside from the nutcase you responded to, this got me thinking, we generally put political ideals on a spectrum going from communism to socialism to fascism (in an extremely oversimplified example.)

This has got to be more of a field than a spectrum, right? Do you or anyone reading this have resources to better illustrate the differences?

[-] barsquid@lemmy.world 2 points 2 months ago

Some people separate it into two dimensions, economic left to right and authoritarian to libertarian, based on a model called Political Compass.

[+] eldavi@lemmy.ml -57 points 2 months ago* (last edited 2 months ago)

it seems like you're unaware that the lemmy.world does not tolerate leftist viewpoints like yours to the extent that they wholesale de-federate from lemmyverse instances that share leftist viewpoints.

nearly the rest of the lemmyverse will comment on your viewpoint; but don't expect the same from the lemmy.world

[-] jeffw@lemmy.world 8 points 2 months ago

Which instances did they defederate with?

this post was submitted on 14 Aug 2024

175 points (99.4% liked)

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