Private Equity Hospitals Harm Patients
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Private equity reduces patient care while enriching investors, Senate report finds
83% Informative
A year -long Congressional investigation into two private equity-backed U.S. hospital systems found that patient care deteriorated.
Private equity owners reaped significant payouts on their investments in the systems.
Academic studies show that private equity firms’ involvement in healthcare is associated with significant cost increases for patients.
The Senate report also shows the impact that the hospitals’ private equity owners had over the entities’ operations.
The attorney general in New Mexico , Raul Torrez , launched an investigation of a Lifepoint -run facility in Las Cruces , NM , after NBC News reported last year that the facility had turned away a dozen cancer patients.
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