re: Oregon becomes first state to end private equity and corporate control of doctor practices

quote:

---

I do find it amusing the pro business loving republicans who favor privatization of everything, are against this. This is your doing.

It’s a direct byproduct of the Republican pro-business,” at any cost “mentality, and the push to prefer privately ran companies, with little to no regulations, over govt ran entities.

It’s as if republicans don’t even know their potential worse selves. So blinded by profits, greed and commerce, they aren’t taking the time to do the long term forecasting of the potential ramifications of scaling business models like this.

The whole “get mines now, who cares if it wrecks shop later” mentality is so selfish and played out. Especially when you’re already making record profits. We could have avoided this if people could have been more judicial with how we approach

---

Large corporations are basically government entities now, not sure how that's "zomg Republicans!!!"

quote:

---

There’s a lot of really really bad dudes in private equity. Scummy individuals

---

Sure, there are some, but I’ve had worse experiences with VC and real estate people.

A lot is sector driven too. I don’t deal with larger buyout managers very much.

quote:

---

You really hate private equity.

---

Just look at everything Bain Cap does, they wrote the playbook on this.

If you boil down Mitt Romney to his essence, that is PE. Do you not hate Mitt Romney?

quote:

---

It has destroyed civil engineering consulting.

---

Destroyed how?

quote:

---

This is so broad as to be meaningless. "Private equity" includes everything from the titanic, famed firms (KKR, Blackstone, etc.) down to so-called "independent sponsors" - might be a 55 year old dude with a little bit of money that raises money from family and friends to buy and run a business and then do a "roll up".

---

Any non autist knows what it means

quote:

---

One amusing thing to me is that one of the main things a PE owner might do is push prices of their products higher - meaning the original owners weren't pricing high enough.

---

I get the hate for PE. They are there to make money. People don’t like that health care is a business and business requires profit to run. I get that too.

What I think people tend to miss is in the equation here is that ALL providers of health care have to be profitable or the system eventually collapses into a single payer clusterf$&@.

Physician owned practices require profit to continue to exist. Same for hospitals or hospital systems that employee physicians. Private equity owned practices are no different in that sense.

It’s getting harder and harder for physicians to make it in private practice. IMO there needs to be another option besides hospital employment to keep the big hospital systems in check. I think PE backed firms are the solution for that and outlawing them is likely a bad idea.

ACOs that are under the control of the government are ruining healthcare

Just an example for everyone because I’m in the medical field and see it first hand.

You as a patient may assume going in that your doctor will absolutely use the best options for Laboratories in the area to get your cultures, bloodwork, PCR, etc test results.
The fact of the matter is they are tied into a network that tells them who to go to yielding results in 2-3 days(sometimes longer) than another Labs that can take ur same insurance and get the results back the next day.

Why is this important? It’s hard to treat what they don’t know is happening. So they come up with an antibiotic or drug that may not even work due to not knowing exactly what it is or if you have. You may also have antibiotic resistance to certain medications that won’t treat you as well either.

Point being don’t let them choose your Lab. Ask for “local” lab(they know who they are believe me) to get your results back tomorrow.
This way you’re actually treated accurately as soon as possible based on your tests results, and not on their best guess.