My partner worked for a for-profit hospital bought out by Kaiser Permanente. They loved the job for the first year, and then the management fuckery began. They did eventually find another job, but they now have a massive depression attack the same time every year that they went through said fuckery.
Everybody needs to read Nobel-winning economist Kenneth Arrow's 1963 paper on healthcare economics. TL;DR: running healthcare for profit results in failure to provide healthcare for a large chunk of the population.
What is an MSO? MonoSodium Oligarchs? Mother's Selfish Offspring? Mutant Sucking Organisms? Sure would be nice if Wonkette writers would decode uncommon initialisms on first use, as was once normal journalistic practice. Sure I can google it, and did. I just get tired of having to stop to look shit up in the middle of reading stuff when it's so easy to make it unnecessary.
Wouldn't it be easier to just forbid all take overs of businesses that have more than 1% of market share in any given market? That should easily cover all medical businesses since there are never a hundred medical offices services the same area. If they're not competing, they're not in the same market. By definition.
This would not only massively reduce the bureaucratic and legal overhead of this law, it would do the same for all competition law, and it would massively reduce the number of future monopolies.
I was surprised when I learned from a lawyer friend that non lawyers are prohibited from owning equity in legal practices. Sounds like the medical profession could take a page from the lawyers.
Our vets are already taking our fur babies away with private equity. People are making the hard choices to put down their beloved pets, take them to a shelter, or go into bankruptcy if they need shots, emergency services, or heartworm meds. This has to stop. A minor injury to a pet will costs thousands. I've turned into a helicopter pet mom to prevent anything from happening to them.
I certainly hope this bill becomes law. HCA bought the nonprofit Mission Hospital here in Asheville NC seven years ago for $1.5 billion, and now sends quarterly profits of $500 million ($2 B/year) to the Bill Frist family heirs, Florida Senator-ghoul Rick "largest-Medicare-fraud-in-history" Scott, and their co-conspirators. In the past three (?) years, the hospital has been placed in "Immediate Jeopardy" four times--meaning disqualified from receiving Medicare and Medicaid reimbursements.
MSO is a management service organization, running everything except actually diagnosing and treating people, which is how the corporations evade the rules already in place to keep non physicians from trying to make medical businesses. And once they take over and run everything, they prefer PAs and NPs to doctors, who are theoretically supervised by doctors, but the “supervisor” may be across town “supervising half a dozen PAs and NPs, so you can guess how this actually works.
I'm aware of the first use practice. And I will confess that if I had clicked on the link before the quotes from the press release, I would've seen an explanation of MSOs in the 3rd paragraph. But... I was too lazy to look for more context. So I thanked Eureka for making it easy to find the answer.
My partner worked for a for-profit hospital bought out by Kaiser Permanente. They loved the job for the first year, and then the management fuckery began. They did eventually find another job, but they now have a massive depression attack the same time every year that they went through said fuckery.
Now, now, let's be fair. It wasn't all Jack Massey's fault. An equal share of the blame goes to people named Frist. And it still does.
I wonder if this applies to the specialties like optometry and dental, because those practices are being snapped up left and right around here by PE.
Everybody needs to read Nobel-winning economist Kenneth Arrow's 1963 paper on healthcare economics. TL;DR: running healthcare for profit results in failure to provide healthcare for a large chunk of the population.
https://assets.aeaweb.org/asset-server/files/9442.pdf
Until the Nixon Administration, running a hospital for profit was illegal.
What is an MSO? MonoSodium Oligarchs? Mother's Selfish Offspring? Mutant Sucking Organisms? Sure would be nice if Wonkette writers would decode uncommon initialisms on first use, as was once normal journalistic practice. Sure I can google it, and did. I just get tired of having to stop to look shit up in the middle of reading stuff when it's so easy to make it unnecessary.
Wouldn't it be easier to just forbid all take overs of businesses that have more than 1% of market share in any given market? That should easily cover all medical businesses since there are never a hundred medical offices services the same area. If they're not competing, they're not in the same market. By definition.
This would not only massively reduce the bureaucratic and legal overhead of this law, it would do the same for all competition law, and it would massively reduce the number of future monopolies.
I was surprised when I learned from a lawyer friend that non lawyers are prohibited from owning equity in legal practices. Sounds like the medical profession could take a page from the lawyers.
"Dr. Glaucomflecken" is WONDERFUL on this:
https://www.facebook.com/reel/1074106318822344
The goal of medicine is to cure the sick and help the injured. Not make profits. Medical insurance is evil enough.
I for one am relieved to learn that a price CAN be put on human life. Thanks Healthcare Moguls!
Our local investigative newspaper, a top-notch outlet, just published the linked story below.
https://avlwatchdog.org/hca-ceo-pledges-to-do-better-at-mission-in-closed-door-meeting/?mc_cid=ad0c36be9a&mc_eid=bc892df178
Our vets are already taking our fur babies away with private equity. People are making the hard choices to put down their beloved pets, take them to a shelter, or go into bankruptcy if they need shots, emergency services, or heartworm meds. This has to stop. A minor injury to a pet will costs thousands. I've turned into a helicopter pet mom to prevent anything from happening to them.
I certainly hope this bill becomes law. HCA bought the nonprofit Mission Hospital here in Asheville NC seven years ago for $1.5 billion, and now sends quarterly profits of $500 million ($2 B/year) to the Bill Frist family heirs, Florida Senator-ghoul Rick "largest-Medicare-fraud-in-history" Scott, and their co-conspirators. In the past three (?) years, the hospital has been placed in "Immediate Jeopardy" four times--meaning disqualified from receiving Medicare and Medicaid reimbursements.
Absolutely disgusting. When did the monsters crawl out from the gravel pit?
MSO is a management service organization, running everything except actually diagnosing and treating people, which is how the corporations evade the rules already in place to keep non physicians from trying to make medical businesses. And once they take over and run everything, they prefer PAs and NPs to doctors, who are theoretically supervised by doctors, but the “supervisor” may be across town “supervising half a dozen PAs and NPs, so you can guess how this actually works.
https://www.milbank.org/publications/the-corporate-backdoor-to-medicine-how-msos-are-reshaping-physician-practices/
Thank you for the explanation. I was trying to guess what MSO stood for in the quoted text.
You shouldn't have to guess. It should be written out on first use with the initialism in ( ), as was done in the article in Eurek's link.
I'm aware of the first use practice. And I will confess that if I had clicked on the link before the quotes from the press release, I would've seen an explanation of MSOs in the 3rd paragraph. But... I was too lazy to look for more context. So I thanked Eureka for making it easy to find the answer.
What if we nationalized health care.
Nah. Would never go over with the general populace. Sarcastic face.