I am your constituent and I want you to know about private equity in healthcare. When private equity purchases a nursing home, the cut staff and the death rates go up by 10% in one year.
When private equity purchases a hospital, the infection and accidental injury rate goes up by 25%.
Now, a new Harvard and Universities of Pittsburgh and Chicago study shows that deaths to those that go the Emergency Room go up by 13%.
There are a lot of ways to fix this but these are unnecessary deaths that can be avoided. You can implement Universal Healthcare, like H.R. 3069 or S. 1506 which have global budgets to cover medical facility infrastructure costs so that facilities don’t have to cut staff or eliminate valuable medical functions to generate outsized cash for investors.
Or you can re introduce a bill like Senator Markey’s Health Over Wealth bill that would put guard rails on private equity in healthcare so that proper care is provided and that patients are protected.
The current system is geared more to cash generation than health . Turn it around for your constituents.
References:
Private Equity and Nursing Homes: https://www.chicagobooth.edu/review/when-private-equity-takes-over-nursing-homes-mortality-rates-jump
Accident rate in private equity hospitals: https://jamanetwork.com/journals/jama/fullarticle/2813379
Harvard, U of Pittsburgh, U of Chicago Study of Private Equity and Hospital Deaths: https://www.acpjournals.org/doi/10.7326/ANNALS-24-03471 “
Health Over Wealth Act: https://www.congress.gov/bill/118th-congress/senate-bill/4804?q=%7B%22search%22%3A%22private+equity%22%7D&s=3&r=4
Health Over Wealth Summary: https://www.markey.senate.gov/imo/media/doc/health_over_wealth_one_pager.pdf
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