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Can we let them, and then the govt buys the PE for $1 and nationalizes?
I'm kinda tired of the profit motive middle people adding cost and calling it value (e.g., insurance no-ers)
Fuck private equity firms in general. They just ruin businesses by squeezing every penny out of them, saddling what remains with huge debt, the sells off the husk that remains.
My brother owns a franchise that started out great, but then the founder retired & sold. Two owners later and now a private equity firm owns it and is trying to squeeze all the franchisees with unrealistic demands. My brother is already working on his exit strategy while trying to avoid declaring bankruptcy.
How can a health care provider go broke? That suggests that they don't make enough money to stay solvent and I find that very hard to believe particularly when they are still attractive to a private equity firm? There's no way such a firm is going to buy any business unless they think they can make substantial money off of it. This really needs to be thoroughly investigated. Also, Private Equity firms all need to be eliminated. Their sole reason to exist is to allow rich mother fuckers to suck more money from the poorer classes.
Common Dreams - News Source Context (Click to view Full Report)
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MBFC: Left - Credibility: High - Factual Reporting: High - United States of America
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Media Bias Fact Check | bot supportSearch topics on Ground.News
https://www.commondreams.org/news/steward-health-care-system
it seems like you're unaware that the lemmy.world does not tolerate leftist viewpoints like yours to the extent that they wholesale de-federate from lemmyverse instances that share leftist viewpoints.
nearly the rest of the lemmyverse will comment on your viewpoint; but don't expect the same from the lemmy.world
Which instances did they defederate with?
hexbear and lemmygrad so far and there will be more later per the rumblings of other lemmy.worlders
Good riddance
Ah. So nothing of value was lost.
Those instances love state capitalist nations that produce hundreds of billionaires, making it clear that they are primarily authoritarianism fans and don't actually care about leftist economics.
Same with lemmy.ml's extremely fragile mods and admins, all suffering from severe allergies to facts. I wish .world would defederate from that instance as well.