Hospital closure leaves patients scrambling, owners collect millions
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- Опубликовано: 5 дек 2022
- Private equity is piling into healthcare, snapping up everything from local doctors' offices, to specialty clinics, even hospices. A CBS News investigation looked at these deals and found the owners of one for-profit company made millions, before some of their community hospitals shut down, leaving patients scrambling for care.
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Greed never fails to ruin society.
Yep, and the creature at jekyll island was created to do just that and its tentacles reach into every area of life
when you put it that way thats about 90% of world problems
Power tends to corrupt and absolute power corrupts absolutely” (1887)
Yet you vote for politicians who accelerate that trend.
With no hospital in the area, any smart entrepreneur will realize there is demand and will open up a new hospital. Given enough time the free market will sole this problem. Be it with a new hospital, or smaller urgent care clinics with emergency room capability.
As a veteran this is why I am always fearful when the government talks about privatizing our VA Hospitals.
Absolutely.
Is the VA good now? I thought they were bad.
@@TheSetherbee Unfortunately No VA hospital is comparable to another. Personally I have never had any negative experiences with the three different VA's I have used over the years, but not everyone has the same experience.
@@TheSetherbeeblame the GOP for how poorly the VA performs. They are constantly doing this but nobody sees it. Time and time again a bill comes up for expanding VA care only to be shut down by the GOP.
It’s ok because the Republicans who will be privatizing those hospitals always pray to the flag.
These investors are criminals and must be accountable.
Won't happen. They know how to grease the palms of politicians.
Yup, unfortunately it's America!
@@lookingforonetruechristian7396 you’re so right, they’re probably either on their way to Mexico as we speak
Yeah, US Congress are out chasing down Trump, while real thieves are looting!!
Nationalize it
It has always been profits over people. I worked 28 years in hospitals and SNFs as a therapist, I've lived it.
My older brother is an RN and he says the same thing,it's an evil and greedy corporation of nothing but greed that care less if people die or don't get help.
Healthcare used to be nonprofit, just 40 years ago. Kaiser petitioned Reagan to let him make a buck, and the rest is history.
Why would they close down these hospitals if they only care about making profits? How much profit are they making when they’re closing down the very thing that’s alleging to make them money? Doesn’t make sense?
Not always. It was illegal for health care to be for profit until the 70’s. Yknow the same decade republicans nuked many provisions of the New Deal including triggered automatic minimum wage increases based on average salaries.
@@blackyvertigo They said these hospitals were making profits. If the hospitals were making profits and these our obviously greedy individuals motivated by profit, then why close down your cash cow?
This really made me see why I need to take my health more seriously. Prevention is key for the things you can control. This is shameful.
Still can't prevent everything, health issues pop up out nowhere sometimes. That's why people that are vegan can still get cancer. It's just life...
@@Im.A.Bald.Crone. right I believe you
You can do everything right and still get very ill from cancer and other diseases. A completely healthy person could be critically injured in an Accident anywhere. Old people develop cataracts and it’s just a fact of life. People need to be able to see. Private Equity firms know this that’s why they love it. They have a captive audience that has to pay the price, there is no avoiding it.
@@JasonB808 This is true, but I'm more of a glass half full type of woman. I can't control Private equity firms, but I can control what I think and the way I treat my mind and body.
@@Im.A.Bald.Crone. Vegan doesn't mean healthy. There a lot of fat unhealthy vegans and vegetarians.
This is the sort of thing that Americans need to be outraged about. No one should ever have to choose death over bankruptcy, or skip taking medication because it's not affordable enough.
It sickens me that so many people are okay with this. I don't want corporate greed anywhere near my hospital bed!
You cant get lazy indifferent Americans outraged about anything!
The only way to fight these people is in their pocket. Remove money from their stock
Octapharma won’t increase the salary for blood plasma donors.
The American healthcare system isn’t broken. It’s operating exactly as it was designed.
It just wasn’t designed to benefit patients or society in general.
Will I think it's broken
Thank RepubliQans and Richard Nixon, this whole HMA/Healthcare debacle started with them.
Agreed 💯
@@id10t98 No…, just no.
@@HairyBottom yes, just yes. Republicans are 100% profit motivated.
This is why there should always be public hospitals in every community. I understand the use private, for profit hospitals, but there also, more portably, need to be public hospitals that meet the needs of the general public. Just like there shouldn't be for profit prisons or military.
Give me an example of a state own or a community hospital, except the veterans/military hospitals.
@@debbiekathrina There used to be plenty of state run hospital 🏥 and clinics. Like Cook County hospital in Chicago and John Gaston Hospital in Memphis Tennessee , hospitals like this existed and for whatever reason they closed them
@@debbiekathrina Most public universities with a medical school have a hospital. The University of Tennessee Medical Center is arguably the best hospital in Knoxville, TN and it is public owned.
@@debbiekathrina State university hospitals or county hospitals. But these have less experienced medical staff because these hospitals are usually teaching facilities. They are usually very busy too, especially in inner cities, with frequent flyer, multiple comobidty, low income people. So quality service is challenging.
@@sophielee3210 lol what… on earth almost all hospitals are teaching hospitals… or do you think duke had magical residents that just magically acquired their skill? Literally duke, NYU, wake forest, Emory, Tulane, usc, a list of the best “teaching schools” in the us are examples you have to ignore to make your comment reasonable
Private Equity firms need to investigated and regulated.
Better, they need to be held accountable for the tax loss that results from their actions. As people lose jobs and companies close, the local area, the state, and the country lose tax revenue that must be covered by the people who remain in the community! This hits harder than just the loss of health care and jobs. Remember, letting these investors keep a larger amount of the profits will result in something flowing down to the local community, but that something sure ain't money!
The government literally supports private equity firms.
@@memyname1771 Even better, they need to be shut down and made illegal. They're basically designed to destroy the country by doing exactly what happened in this news story.
They are running the Federal Reserve since 2008. They got buy-ins instead of fees. They're all invested in each other too.
Regulated? I laugh. They give too much money to political campaigns to be regulated. The world runs on quid pro quo.
We need more stories about this. This is why our healthcare costs are out of control and outcomes are abysmal.
The only way to fight these people is in their pocket. Remove money from their stock
That company MUST be held accountable and the hospitals reopened !
The company designed most hospitals to run On debt. Maybe community funded hospitals could prevent more fraud.
If you write a big enough check, it will be.
The only way to fight these people is in their pocket. Remove money from their stock
So they traumatized the community by closing the hospital but are opening up a mental health facility to treat the trauma they caused. Sounds about right...
Healthcare in America is a scam and we all need to come together and demand fair affordable and encompassing healthcare.
Without government interference and funding.
@@johnpglackin345 "Without government funding" who or how are we gonna pay for it then buddy? Universal Healthcare is the only way to go, it's proven to work and plenty of other nations are doing it. Don't you think it's about time this Third World Country known as the US of A catches up with the rest of the planet?
@@smith2354 you can pay for your own health care. If you need help go to a charity hospital. That's how it was done before. And those other countries are paying high taxes for poor services. Stop trying to steal other people's money through taxes. That's immoral. And medical care is an overblown issue. All they do is keep you sick.
They are doing the same with housing, and probably every American business. People WAKE up
@John P Glackin if the government didn't take HALF of ppls paychecks, there wouldn't be such a high need for social programs in the FIRST place dipshit
This is just part of the overall issue with American Healthcare. When profit becomes the primary motive the system no longer serves the people who rely on it.
*Cough* Politicians *Cough*
@@-sbman333- cough republicans cough. Cough democrats are complicit but republicans are clearly the pro cooperate party cough
Private equity firms have their hands in nearly every industry in this country and it needs to end.
Absolutely disgusting!!! How is it legal for these SOB's to get away with this horrible behavior? It should be against the law
Not when they contribute to Politicians.
Sasha m right
Loopholes and duty to maximize shareholder bonuses. It's literally all about money at the top.
@@ciaojeffitalia you mean Republicans
The Republican Party is committed to the idea at that the people with the most money desperately need to have more.
What’s more, Republicans are universally opposed to the prospect of everybody having access to healthcare. One half of our two party system thinks it actually unAmerican to not have for-profit healthcare that serves the interest of money over people.
I AM SOOOO DISHEARTENED WITH THESE STATS.
This is one reason why I, as an older than 55yr MOVED OUT OF THE US in order to have a decent, simple life in my own golden years.
SHAME on the US for how hard-working people live in their older years in America.
I feel the same
Where did you move? South America?
Me too
Hi Jennifer! I’d love to know where you went and ended up settling?
America is the "United States of CORPORATE America" and getting worse everyday. I am in complete agreement with you, but like so many others., not sure about where to go. Where did you now live?
This is happening all over the country. The best hospital in my city (Tucson, AZ) used to be University Medical Center. It was bought by Banner, another mega company that buys hospitals. It no longer has a top rating and the quality in the ER has nosedived. I’m convinced that I had COVID before the shots and nationwide tests came out. I went to their ER and was told that I had all the symptoms. They refused to test me because “I wasn’t being checked in.” Their “Go home and deal with it.” attitude is appalling. No doubt my being on Medicare had something to do with that.
I miss “University medical”….Banner is sooo bad! I know half a dozen people with serious, life altering illnesses who sold their homes and moved to other states to have better healthcare! (Myself included)
I worked at Tmh when it was not a banner group.it was a wonderful place to work.. Then banned came in and destroyed it
@@Noname-cn4ly Can you believe TMC is now rated higher? Many years ago a friend went in their ER and they told her the spot on her toe was gout. (Friday night) She saw her doctor Monday and it was gangrene! Her leg had to be amputated halfway up the thigh.
How could they test you for something before the tests were even created? Circular logic.
@@Noname-cn4ly the medical establishment purpose is to keep sick at all times.
These investors are crooks! No pride!
This was a safety net to the community. I personally, as a transport nurse, was in and out of there frequently. They provided safe and effective care. Their NICU was small but mighty. This is a travesty.
Is your last name like for real hamburger???
Man, this is a hospital. People need Healthcare.
Welcome to the real world nowadays!
@@LONEWOLF-rq5tl right but sad
The problem is that they keep taking from the poor and the people this is why it need to stop
Not really. Most of healthcare is a scam.
@@johnpglackin345 will some is not all
My ex who was an ER physician became head of his group. I was in complete shock at how much his salary shot up with bonuses and incentives. Its definitely about healthcare. Its all about $$$$
'Not about healthcare'
$$$ was in healthcare for over 35 years. Refused vaccinations. Quit. Made it thru AIDES pandemic with BAR of dial soap🙈🙈🙈
4 years of college, 4 years of medical school, 3-5 years of residency. Until the end, you have expensive bills and only a small portion of people even have the ability.
This hospital went under due to decades of insolvency.
This is happening to the entire country and has been for decades, now its reached the hospitals. We are in trouble. Everything can't be for profit. It just can't
Yes it can. That’s the point of capitalism. Just becuaze it hurts you doesn’t mean it can’t be done.
@@avacadomangobanana2588 Not even slightly true. Things like infrastructure and utilities have already been shown to not work as independent markets.
Things like water lines or sewage just flat out wont get put in to most locations without the intervention of the state as the costs are prohibitive to business. Other things like air traffic control road construction and repairs and the military also become too expensive for private operators in all of about 5 minutes in any area in the US.
The entire idea you can privatize everything and someone will just come in and just pay tens of thousands of dollars for a few feet of sewage line is hilarious when these same companies won't even pay taxes at some of the lowest rates in this countries history.
Your entire comment reeks of someone whos entire economic education came from watching a Billy Mays commercial.
The only way to fight these people is in their pocket. Remove money from their stock
@@avacadomangobanana2588sad but true ❤❤
This just disgusting. These investors should be ashamed of themselves. 🤬
Greed Corrupt Criminals
They have no shame.
You dont make millions in the medical-industrial complex by having shame.
Keep on this story CBS!
Where is the line in greed? Disgusting.
Government control forced them to close down. Duh.
@@parakleyt2004 Um, wrong
@@aquariusmoon771 how so?
@@parakleyt2004 a private equity firm bought them, took out a huge loan against them, and used almost half of the money to pay their executives enormous bonuses and then started closing everything to cut costs. They were in debt before, but the equity firm gutted them even worse. It’s vulture capitalism at its worst.
@@evilsharkey8954 eh... wrong again.
This is why health care should be zero profit, and even if privately owned, any profit must go back into patient care and running the facility. No shareholders, no profit sharing, etc. Money paid goes into its own investment/finance accounts, no outside investors to pay back etc.
It should be funded by individual donors not investors
Well you should start these hospital all over the country . 🤨🤨 $$$$$$$$$$$$$$ make the world go round.
It's like the Enron employees laughing about energy prices.
WE NEED UNIVERSAL HEALTHCARE. THE PROFIT MOTIVE WILL NEVER PROTECT THE PEOPLE. HEALTHCARE IS TOO IMPORTANT TO LEAVE TO PRIVATE ENTITIES!
but if there was universal health. there will be public fraud. if the name it national health care like a non profit health care organization. they passed a medicare inspection in summer of 2021. by fall there was a contract negotiation for labor the negotiated for a pittance of a wage increase an the national heath care organization cut the nursing care in half and many of the truly caring nursing staff retired or moved on. when understaff they got interns and practicing nursing staff and a handful of trainees. and now the healthcare is less than adequate. overwork underpaid and some of the help do not give a damm. a true and unfortunate story. the suggestion mentioned just moves the problem under a different umbrella with different evils. trading one evil for a different evil Knievel. i have yet to come across a solution with less evil and less corruption.
Amen 🦋
I've been saying this for years
The closest thing we have in the US would be medicaid to socialized healthcare and the federal government already made something like half of that privatized.
Just give up. Without a total replacement of all current and past politicians nothing will change.
My town lost its hospital many years ago and it was devastating but my town successfully managed to get a competing hospital to open a brand new full satellite emergency room in the town. It even has standby ambulances and a helicopter pad.
This is insane!
No this is normal. Welcome to capitalism
You should see how many hospitals across USA. Team up with insurance companies. As co- partners. To me this is a conflict of interest.
Majorly
The hospitals are so greedy. I've worked in the same one for 16 years and never had a raise and yet the investors and administrators take multi-million dollar dividends.
shouldn't the pandemic that we all just went through have taught us that we need more hospitals, not fewer, and if money can't be made off of hospitals maybe that's because health care is not something to commodify. we need universal health care now in my lifetime, not 20 30 40 years from now.
But, they’re blaming the pandemic for reasons to close hospitals.
The same thing happened to truck stops years ago. A real estate investment trust naught many of them up and leased them back to the operators. The facilities and service kept getting more shotty as the years passed , till most of the restaurants within were to expensive to use and eventually closed and replaced with fast food. All other services are at best half the quality they were years ago.
It's sad but the University of Penn ER is only a 15 min ride from this hospital. But what they did should put those CEO's in jail, paying themselves with that loan money was sick
It's more like 30 minutes, but I get the point. I've bypassed hospitals that were five to ten minutes away to go to University of Pennsylvania @ 3400 Spruce St. Sometimes the difference in time in a critical situation could prove fatal.
15 minute for a level 1 trauma is the difference between life and death. 15 mins for a preterm delivery is the difference between life and death
plus when you get there the wait time will now be double, and it's unfair to the staff, too. Just a horrible situation to put people in to so they can get those huge dividends.
@@mikep5478 Agreed. I'm just stating we are lucky to have Penn so close unlike so many rural areas in the country where a ride to a hospital is at least 30 min. People who grew up here have no idea how far everything else is in most of this country.
@@jiggahenry9471 well it already wasn't' a level one trauma center.
This was evil.Greed I this extreme capacity is evil and unfair. Amazing how you live with yourself in this situation.
It's Reaganomics! Let them keep more of the profits and something will flow down to the local community. Unfortunately, that something is not money!
The only way to fight these people is in their pocket. Remove money from their stock
Another lesson on underfunding and failing public services to privatize and profit and why it sucks for things like healthcare, education, housing, etc
This is happening in southeast NC. People are going farther away to get care because the corporation that bought the regional hospital is milking it for every dime it can get it seems, while patient experience seems to be going down fast. There’s been so many comments on a neighborhood app about calling the state board that regulates them, but who knows if the state will even care. It’s all about the almighty dollar. It’s sickening.
Right
Well than why don't the doctors start their own hospital. And their own practice.
Praying for all those suffering 🙏
Right 😞
Keep praying, but also vote for change to eliminate for profit health care!
What good will your prayers do? Don't pray. Rage at injustice.
EXCELLENT reporting! 💯💯💯💯💯💯 Private equity companies should not be allowed to buy hospitals. They will continue to pay themselves dividends while depriving hospitals of AVAILABLE funds and cutting services until the facility has to close. Kudos to Attorney General in Philadelphia for invoking a law that protects their medical needs! ✨✨✨✨✨✨
The Attorney General needs to Arrest Governor Wolff and his administration for the unlawful lockdowns, mask restrictions and forcing people to get the vaccines.
They shouldn't be allowed to own any type of healthcare facility/practice. I work in hospice and have worked for companies owned by private equity firms, it was awful.
The only way to fight these people is in their pocket. Remove money from their stock
I was affected by this also, I worked at Williamson Memorial Hospital when i lost my job two years ago, it was a great place to work we were like family. I worked there over 15 years. We were struggling and we had two buyers to keep us open, we are in a rural community the only hospital in the county, this happened during COVID, we had two buyers but everyone backed out. The Lord's willing if all goes accordingly we might be reopening soon after 2 years. I will pray for you all , I know what it is like, hang in there GOD can help you all.. Love and Prayers.
Prayer and God always needs money, it is man who creates the shortfall
The only way to fight these people is in their pocket. Remove money from their stock
I live a few miles away from this hospital. ER waiting time is super long. The hospital is very old. No investment has been made. The community here is mostly the people of color. it's very sad
Private Equity groups did the same thing to Safeway multiple times and Albertsons. Buy the company, saddle it with debt, sell off the profitable divisions, pay themselves huge bonuses, then cut labor while blaming labor for not making a profit. Then Private Equity sells the company leaving the company with the debt. I was an upper manager watching this happen several times.
Welcome to capitalism. Welcome to being anti union and anti worker. Welcome to America, where it’s everyone for themselves unless your rich
Sad but true
They should be jailed. Take a loan to pay themselves a dividend? That is fraud
How about people write to their state government and senators are representatives and say that private equity should be banned from owning health care facilities and taking over health care companies? How about everybody watching this do that?
That is a fantastic idea. In all my honesty it probably will never happen because people so affraid of retaliation against them and their families
Exactly. If the word were to get out on a mass level, it might be able to happen. Not enough people know that they can or that it’s even a possibility.
That's a good idea, we could try, but our so called elected officials are bought off by these companies
@@sillyseattlecat Heil!!!
Why we need national healthcare. Healthcare should not be private it should be public like police, fire, and utilities.
No healthcare should not be private.
This is extremely sad. There has to be a line drawn somewhere!. I mean, is it EVER enough money for them?!?! I'd think after they've made so many millions and billions, how much more do they really need. I've always felt once you reach a certain threshold financially, say around 500k yr and that's pushing it, but that's enough to do whatever you want, buy whatever you want, live however you want etc. And here they are talking about 1.12 billion with a 457 million dividend, outrageous. Not like they can take it to their graves with them. They better hope them or their loved ones aren't faced with not having healthcare workers when they need them because of their own actions.
This is capitalism. The alternative is socialized things, america hates socialism. What do you wnat
A medical machine cost around 300k and more, 500k? Lol.
@@baj41 Of course it does, I wasn't talking about money to run the business, I was making a statement about their pocket money.
The only way to fight these people is in their pocket. Remove money from their stock
It's been happening especially in upstate NY. Just now becoming public. Like MJ said " They don't really care about us!"
THIS isn't just NOW.
MANY YEARS AGO, I was working somewhere where a CHARITY DINNER benefitting CHILDREN in NEED was being held, and I ACCIDENTALLY OVERHEARD part of a conversation where ONE of the VERY WEALTHY donor/underwriters TOLD SOMEONE that SHE was SELLING HER HOSPITAL COMPLEX (IN A BIG CITY, NO LESS) BECAUSE SHE WAS NOT MAKING A BIG ENOUGH PROFIT FROM RUNNING IT ...
🤨🤨🤨🤨🤨🤨
SAD, SAD THING for the PEOPLE who NEED HELP the MOST, I am in the medical field and MY HEART GOES OUT TO THESE PEOPLE who are NOW left with ALMOST NO OPTIONS ...
SHAME ON GREEDY BIG BUSINESS -
WAIT UNTIL it is YOU who NEEDS HELP -
YOU GET ABSOLUTELY NO SYMPATHY FROM ME!!!
😡😡😡😡😡😡
You know what; selling the thing whole isn't that bad. It's still in a runnable state.
@@joshuahudson2170
Perhaps, YET, the way I saw it was, if SOMEONE would THINK about HOW MUCH MONEY THEY WOULD MAKE by RUNNING a FACILITY for the SICK and NEEDFUL, I WONDER WHERE THEIR HEART REALLY LIES ...
It IS NECESSARY to MAKE MONEY, IT'S OBVIOUS WHY, but to WANT to GET RICH off of the MISFORTUNES of OTHER HUMANS such as YOURSELF, IT PUTS A DIVISION BETWEEN ME and THEM, in MY EYES, anyway ...
IN the BATTLE BETWEEN PEOPLE and PROFITS, MONEY ALWAYS WINS, DOESN'T IT?
🤔🤔🤔🙄🙄🙄☹☹☹💔💔💔
Why couldn't the doctors buy the hospital?
@@johnpglackin345
I have no idea who eventually bought the hospital, or if the owner ever sold it, as I overheard that she was THINKING of selling it ...
It was about 35 years ago, and I don't know what happened after that, I never saw her again, and there was no real "internet" way of finding things out -
I don't even remember her name, and I didn't talk to her -
I was only serving the dinners to the tables, then, and she was not sat at one of the tables that I served ...
I wonder about these things myself, to this day ...
But, who knows?
Maybe the doctors did buy the hospital, if indeed she sold it ...
🤔🤔🤔
This is what happens when community allows profits over humanity. This should be illegal. Class action lawsuits need to be started and be loud to change these for profit hospital
That is inherently anti capitalist. You’re antifa. You’re in American. That’s the logic used
Everything should be free. Then no one would have to work . We could just all hang out and smoke free weed and drink free beer. 🤔🤔Wait who would grow the weed and make the beer 🤨🤨 Some people would have to work.
@@writtenhousesecurity6499 nothing you said has anything to do with anything here.
This is one of the reasons why America’s unregulated capitalism is a bad idea.
LOUDER FOR THE BOOTLICKERS IN THE BACK.
unregulated?
*Oh please, give your brain a chance to think.*
If anything, the Healthcare sector is over regulated, making it impossible to find qualified people and turn a profit.
@@gamergamegameswagg yes crony capitalism has been lobbying away regulations for decades on state and federal level.
This happens a lot with nursing homes.
All nursing homes should be closed since they a prison now. People should take care of their parents at home.
@@johnpglackin345sometimes ❤
this amount of greed is absolutely disgusting.
When Prospect found out that no one in the area had insurance, they broke and ran.
They still get money from the federal government for uninsured patients. These Prospect investors are looking for money quickly.
This only proves that healthcare does NOT belong in the hands of the private sector.
This is why we need socialized medicine.
Agreed!
Completely agree.
Your two party system donors ( corporate donors) would never allow it.
We have socialized medicine is it called Medicare, Medicaid, and ACA. ACA is the reason why so many doctors in 2012 started quitting do to the mandates it imposed on them and on the people. My family has lost close to 10 in 10 years they were very fine doctors and very experienced because of ACA then a decade later Covid. The federal government threw so much money at the hospitals and you saw what happened especially in NY. My question is what happened to their Covid funds that they got and why are they closing, bankruptcy maybe?
Why do think we don't have socialize healthcare and medication? Big Pharma, Big Healthcare Insurance Corporations, Hospital Corporations. They donate to both political parties
Absolutely NO CHANCE this is a "one off"
The private sector has had decades to prove that they can provide better, more affordable care than state-run hospitals. They haven't. The private sector needs to take a step back and let government run the most essential services. The best hospitals in the US and the world are either government-run/subsidized or not-for-profit. Universal healthcare is also something that needs action right now.
Our closed hospital was the only hospital for 25 miles, just got bought up by a private equity company and it’s going drain this small rural poor community and close again
There is absolutely no justification for "for profit" health care in the US, other than greed! The tax laws that allow investors to buy companies, fire the employees, close the companies, sell the assets, and keep the profits of the transaction need to be changed to require the investors to cover the tax loss caused by the loss of both jobs and the loss of continued production or service. The current system is just a giveaway to the already rich!
The names of those that are profiting from this should be released to the communities directly affected by this greed.
This should absolutely be illegal for anyone to buy and close public services!
America: Profits over people
You know people become doctors mainly for the $, right? Be glad they exist at all
@@RightoftheRight not always but unfortunately also true.
Insane how it's legal like the nurse said people probably lost loved ones due to this company just closing these hospitals
This has happened in my area, too. There is a small hospital for overnight nonemergency stays but everything else is transferred. We have lost our golden hour.
This is criminal!!!!
Amerikkka is DANGEROUS
This is important... why is this happening!! So unfair so unjust and someone needs to be held accountable .
Because we live in a capitalist country?? Dug
This is the perfect argument for a federally regulated health system.
It's not a good argument for government control healthcare or insurance.
@@johnpglackin345 Yes, it is. America has one of the worst healthcare systems among First World countries, all because we don’t have a centralized government and centralized services. We pay ridiculous amounts for drugs, ridiculous amounts for healthcare (if we can even get it, that is). There is nothing to stop greedy corporations and politicians from grifting off of this corrupt system.
This makes me so outraged. I had a brain tumor removed after a terrible seizure so I’m glad my local hospital isn’t like this. But I have heard of so many hospitals with people that should be in jail and even the legal system fails to take them accountable to the fullest. Money is the leading cause of most of these cases. It sucks that our taxes we pay goes into this.
I recently had a seizure in June, which led to me having a big portion of my brain tumor removed. I still have a very small portion remaining. God bless you and much good health ❤
I'm praying for both of you ❤️❤️
The only way to fight these people is in their pocket. Remove money from their stock
Healthcare for all.
A healthy nation is a healing nation
Well, Lankenau just built a brand new, beautiful ER. I was employed there for 5 years and I live in Delaware County. It’s literally 5 minutes down the road. Best wishes to everyone. Very sad 🌹
Trinity isn't far either
So, what does one do when the only available healthcare is 90 miles away? The only one that will take your insurance and there are literally NO PCPs either taking patients? The only choice is the nearest ER who have to take you, but whom you know you can’t ever make full out of pocket payment? Of course, you go only in dire emergency. In the meantime, it’s Dr. Google and DIY medicine.
This should not be allowed. Hospitals should be non profits.
Very sad and scary that this could even happen. The jobs, patients, care and resources yanked from the community. Greed is truly evil and the owners should be ashamed/worried because God knows all.
The only way to fight these people is in their pocket. Remove money from their stock
You dont make millions in the american medical-industrial complex by having shame.
All while the Medical Group is making millions. That’s sad!
In Tom Green County Texas we DID have 3 hospitals when we moved there in 1991. St. John's was taken over by the county hospital, Shannon Memorial, within a few months after our move. Shannon expands and builds constantly. They have Clinics all over town. Community Hospital struggled for years to compete with Shannon, and they had a lot of excellent doctors on staff. Then sometime in 2020 Community lost its battle. A lot of their doctors left the hospital as Shannon took over what was left. My husband lost his heart doctor and his PCP. St. John's is now Shannon Behavioral and my mom died in their long term care SCCI. I have been shuffled around several times with my PCP. Doctors usually don't stay with Shannon very long, while others hang on to their practice there. Now if you don't want to be treated there it's 98 miles to Abilene......
One thing about America is this. Privatizing services that are life and death should be outlawed in my opinion
In Gallup NM the hospital
Rehoboth McKinley Christian Hospital has struggled to stay open for years because corruption at the highest level SMH they were financially bailed out by the state then the city, all while they were siphoning money into their pockets and people are left without healthcare for a100 mile radius if you are not Indigenous (unless you're Native American then you have Indian Health Services) it's a mess and a crying shame while the city calls itself the best patriotic little town in America 🤮🤮🤮
IHS is deliberately riddled with problems and understaffing, its a worse version of the VA system.
And this is why we move universal healthcare! I’m sorry. But closing hospitals and clinics and doctors offices, so billionaires can make more money is unfathomable and now people can’t get healthcare in those areas that is easily accessible.
I live in Keokuk ,Iowa and our hospital closed it’s doors in October and now the closest hospital is 20 plus minutes away.
Shameful. Criminal.
This is so sad and a terrible misuse of funds! 🙏🏽
Yes it's so hard to get a doctor here in Southern Oregon
It is very hard to get medical care in your area because the economy is mostly agriculture and they can't make huge profits in those areas
Where are the congressional members and senators who represent the people of the states these Private equity firms are profiting from? Oh, I forgot, see corporations are "people too" per SCOTUS, so I'm sure the check that got written as a campaign "contribution" ended their interest in actually working to make sure the people of their state have healthcare.
Yep
I'm sure many members of senate and congress are investing these private equity firms that privatize hospitals, because there is so much money they can steal from patients by over charging them for life-saving procedures.
@@jodirauth8847 - I highly doubt it. If you were rich when you entered politics, you come out Wealthy when that "career" ENDS. Remember our government "officials" are privy to information that the average American would be arrested for by the SEC, and multiple other LE agencies.
I am appalled, but not surprised. Healthcare for everyone is necessary
Yes i have seen this and i believe that these so called investors should be publicly identified.
The system is rotten to the core…if we tolerate this as a society it will only get worse
Agreed
What a shame! The lady having trouble breathing sounded very congested but turned away. Car accident victims and mastitis infection turned away. Told to Google another place for treatment. Excellent nurses all laid off. Excellent support staff all laid off. In a city of 85,000 people? Wow! Dismantling departments first and not repairing the elevator or holes in the wall? All to pay Investors better dividends? Yeah, that happened here in Northern California with a power company named PG&E. They neglected maintenance by lying, falsifying records until they killed people in the San Bruno gas line explosion. They became a convicted Felon. Then all the fires because they didn't maintain their lines and equipment again. Again they were convicted Felons. People who lost homes never got their money to replace their homes, but the shareholders got their dividends. Now PGE is trying to rebuild their image and their power lines which should've been done 20 years ago. Corporate greed has got to stop!
2 ERs are less than 5 miles away , 1 is 2 miles away.
And somehow, throughout this entire story, no mention of universal healthcare. The problem is not one greedy company. It’s healthcare/sickness-maintenance for profit.
They decided to keep the hospital closed. It's so sad. Nearby hospitals are swamped and are doing patient care in waiting rooms and hallways because there is no space for all the patients. It's wrong, and it will lead to more consequences in the long run.
We have seen this in the healthcare industry, particularly health insurance for YEARS. I am currently disabled because I have a degenerative disk condition in my back and need a spinal fusion. The insurance companies are using a loophole saying that a spinal fusion for a degenerative disk condition is considered experimental and only has a 75% success rate so they are refusing to authorize the surgery. So I have to spend the rest of my life in agonizing pain every day because bean counters want to take my money for premiums but not cover a needed surgery.
I seriously doubt that they intentionally bought a failing hospital to shovel money into it. Companies don't invest with intent to lose. Which begs the question, did they think the hospital was successful when they bought it? Why would they have thought that?
Yes they do, you’re just uninformed about business. You can write it off as a tax dump if it fails
This is America
Get rid of the greedy rich
People die because of their greed
America is not a country, America is a corporation. So.. uumm… Welcome to America!
Wow how sad! Such greed at the expense of innocent people…heartless
This makes me sad!!! Omg this need to be all over the news
Have yet to hear of one positive story involving "private equity"...
Only massive profits for the 'pirates' who run them!
And I mean no disrespect to the old-school, actual pirates!!