General Discussion
In reply to the discussion: Colonoscopies Explain Why U.S. Leads the World in Health Expenditures [View all]Flatulo
(5,005 posts)Once venture capital started buying up all the hospitals in a geographic region, and of course, paring the nursing staff to the bone (where will the money come from to pay off the principals), insurance companies lost a lot of negotiating power, since they were always dealing with the same people. There's no real competition when all the facilities are part of the same system.
Hospital conglomerates produce absolutely nothing but huge profits for the investors, and human misery for the employees and patients. When Vanguard bought up all our local hospitals, there was a bloodbath of epic proportions. Patient outcomes suffered terribly, until the nurse's unions struck to restore sane staffing levels.
You want some guy with a business degree dictating how many nurses are in your ward?