Quality of care declines after private equity takes over hospitals, finds nationwide analysis
Quality of care declines after private equity takes over hospitals, finds nationwide analysis
Patients are more likely to fall, get new infections, or experience other forms of harm during their stay in a hospital after it is acquired by a private equity firm, according to a new study led by researchers at Harvard Medical School.
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It's almost like privatizing public services is, somehow, a bad idea. But, but, but... capitalism....
E: jokes aside. The findings in these studies, while obvious to some (possibly most) people, are extremely important. Feelings without supporting data, are just opinions. Feeling with supporting data, are facts. Because of this study, we now have facts to fight against further privatization of public services.
I don't know, I'm starting to get the sneaking suspicion that "good" and "profitable" aren't synonyms. It's almost as if there is often a financial incentive to make things worse...
Right. Like they deliberately make good things into shit. I wish there was a good term for this phenomenon.
Greed.
No, no. Unabashed greed.
No, take it all the way. Fuck the little people to support my unabashed greed.
Enshittification. Coined by Cory Doctorow.
Haha yes, I know. I was kidding. Sorry.
It's called "rent seeking." Even if some ya sci-fi author tried to coin a new term, there is nothing new about this type of behavior.
hmm, if we follow the example like "desertification", how about "shittification"?
Quality, especially in a service like healthcare, often doesn't mean profit. It's all about "how low can i make my overhead costs to make my good/service just BARELY passable, then take it one step lower".
I'm starting to get the sneaking suspicion that "good" and "profitable" aren't synonyms.
They're polar opposites.
Maybe one day there will be politicians with the balls to actually do something about it.
You don't need supporting data to understand businesses will do whatever will maximize profit.
This intrinsically means charging the most while providing the least.
Not to understand, no. But to fight it in a legal court, you need data and fact.