Under Plunder

As America ages, health care will become an increasingly big need, and an increasingly big business. Those two things don’t always go well together. Financiers bought up anesthesia practices, then raised prices. “The company raised prices for its services – one by nearly 30 percent in its first year in Colorado – and continued raising them for several years, according to interviews and confidential company documents obtained by The Washington Post. The price hikes boosted patient bills and pushed up insurance rates, former company physicians and managers said. Eventually, some of the company’s own doctors became disillusioned, physicians said, with about 1 in 3 leaving the company over a three-year period.” (When you count backwards from 10, your savings account is doing the same thing…)

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