We both have the will to improve care and a lack of understanding of the true nature of the finance industry. People don't understand what PE is so they assume it is some kind of business people legitimately trying to run a business
Yeah if instead of "PE" you had to say "I take out a massive loan to buy a business collateralized against itself, saddle the business with the debt, take money out of the company to pay myself, and then ruthlessly cut quality in the business to make short term profits look higher to resell the business (and the bank is happy to finance this because they get paid first if the business goes bankrupt)" it feels like it would be a lot harder to come across as legitimate
It's not a matter of anecdotes. All you have to do is look at what PE is. It's financial engineering done to increase EBITDA for resale. There is nothing in the PE model incentivising improved outcomes for customers.
Why are we talking about deregulation when the topic is the ill effects of unregulated rentier profit seeking behavior of PE firms? We need to make debt loading and dividend recapitalization of hospitals illegal. Let them hollow out Neiman Marcus and Dunkin doughnuts, I don't really care. But financial engineering should have no place in our healthcare system.