Capital Offense

Is there anything that could make America’s current health care more expensive? Here’s your answer from the NYT (Gift Article): Who Employs Your Doctor? Increasingly, a Private Equity Firm. “In more than a quarter of local markets — in places like Tucson, Ariz.; Columbus, Ohio; and Providence, R.I. — a single private equity firm owned more than 30 percent of practices in a given specialty in 2021. In 13 percent of the markets, the firms owned groups employing more than half the local specialists. The medical groups were associated with higher prices in their respective markets.” When these guys come at your backside with a rubber glove, it’s not your prostate they’re after, it’s your wallet.

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