Oct 18, 2022
7:30 PM (GMT-4)
Physicians for a National Healthcare Program, NY Metro Region, and CEPR
RSVP to join us on Tuesday, October 18 at 7:30 PM Eastern Time for our virtual educational forum: How Private Equity Makes Us Sicker. This forum will address the increasing role and implications of Wall Street investors—private equity—in the health care industry. Private equity has become a troubling menace as it seeks to extract outsized profits by buying up health care providers. Our speakers will address what private equity is, how it makes money, and what are its results. These corporate owners focus on cutting costs, increasing prices, and stripping assets to maximize short-term profits—at the expense of providers, patients, workers, communities, and taxpayers.
These Wall Street actors also pose an increasing threat to the passage of single-payer health care, which has seen a dramatic surge in popularity among patients, health care professionals, and the US public more generally. The increased penetration by Wall Street investors into every sector of health care has shifted incentives further away from the actual care of patients. And, as financial actors increase their control of health care services, their political influence against single-payer grows too.
Speakers will discuss their decades of research that has demonstrated how Wall Street and corporate ownership of health care has led to worse health care outcomes, more inequitable access for patients, and in moral harm to physicians and other health care workers.
As always, we will have a Q&A with our panel and Calls to Actions. RSVP to join us!
Rosemary Batt, Ph.D. is a Professor at the Cornell University School of Industrial and Labor Relations. In ongoing collaboration with Eileen Appelbaum (co-director of the Center for Economic and Policy Research) she has been researching and writing about the increasing role of private equity in health care (and in other sectors of our economy) for over a decade and has a book on the subject pending.
Robert McNamara, M.D., MAAEM is a leader of TakeMedicineBack, organizing to take medicine back from corporate interests that exploit patients and physicians alike.
Richard Mollot, J.D. is the executive director of the Long Term Care Community Coalition (LTCCC), a nonpartisan, nonprofit organization dedicated to improving care for individuals in nursing homes and other residential care settings through legal and policy research, advocacy, and education.