30 Days of US Healthcare: Private Equity Goes Bankrupt

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  • Опубликовано: 2 янв 2025

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  • @Michael-bb1cw
    @Michael-bb1cw Год назад +4087

    Most of this series has been a depressing downward spiral into the most twisted depravity that US healthcare system is capable of. But this video… this one brought a smile to my face.

    • @swettybettie4127
      @swettybettie4127 Год назад +55

      @2:28 I said "yesss!" out loud 😊

    • @grmpEqweer
      @grmpEqweer Год назад +9

      YES!

    • @orelliaorellia142
      @orelliaorellia142 Год назад +9

      ​@@swettybettie4127Same!

    • @aryowincaster2775
      @aryowincaster2775 Год назад

      It's time to fight back. They don't have medical license, then why they're in charge in healthcare. Only corrupt politicians would back them.

    • @jesitheblank
      @jesitheblank Год назад +7

      Same!!!

  • @bluedevil0133
    @bluedevil0133 Год назад +2285

    As a Radiologist, this skit has changed my perception of Emergency Medicine from those guys who order all those unnecessary scans to the hero we need but didn’t deserve. ❤️

    • @THEMADDMAXX67
      @THEMADDMAXX67 Год назад +56

      As an xray tech, half of those scans also feel not needed to us also.

    • @Rolbell
      @Rolbell Год назад +63

      As a patient with an x-ray deficiency, I disagree. 😅

    • @Nodelphi
      @Nodelphi Год назад +258

      We order those tests because we’re the last safety net left for a very broken system and if I don’t get the images while they are in the ER it’ll be months before they get their test if they get it at all.
      Yes, we’re all acutely aware that we order too many tests but I don’t know if the other doctors that patient saw were careful and thoughtful or if they caved to the admins telling them to minimize testing. Frankly I don’t have the time to piece it all together, you save who you can, help who you can and move on because the whole system is under-resourced and overworked.
      Sorry for contributing to that workload (and I’m totally behind more Radiology/ER collaboration) but you guys help us save lives every day, we couldn’t do it without you. It’s worth ordering 9 negatives studies to catch that one aneurysm that’s been to 10 doctors who blew them off.

    • @aidanwatters5880
      @aidanwatters5880 Год назад +79

      EM physician from down Under here. I heard an interesting statistic from a boss of mine the other day. Apparently statistically 6/7 of the scans we order in ED should be negative. If it's less than that we're probably missing things. If it's more we're over ordering. I found it interesting that the number of normal scans needed to be so high.
      Also, would like to reiterate, very much appreciate having you guys doing the job you do. Definitely helps me sleep at night

    • @sc100ott
      @sc100ott Год назад +22

      As a fellow Radiologist, I agree. Also wanted to point out that Dr. G failed to mention the Private Equity impact with Radiology (and anesthesia, and Dentistry for that matter).

  • @marjieestivill
    @marjieestivill Год назад +888

    Unlawfully practicing medicine is a solid concept based on their denials. Let’s see it happen!

    • @stephenkenworthy428
      @stephenkenworthy428 Год назад +55

      Then bring it against the insurance companies that deny coverage on exams and treatments.

    • @purpleXpotion
      @purpleXpotion Год назад +7

      They’re already bankrupt.. so that’s a waste of time. Cut your losses with insurance, & start paying out of pocket for healthcare.

    • @cybergothstudios94
      @cybergothstudios94 Год назад +72

      ​@purpleXpotion better idea, cut your losses with private insurance and vote for free public Healthcare. The idea that Healthcare needs to be profitable is sheer lunacy.

    • @purpleXpotion
      @purpleXpotion Год назад

      @@cybergothstudios94 It’s actually not.. & if you care to hear me out.. here’s why.
      ..Maintaining a ‘Private Healthcare Sector’ (which is also reasonably taxed to help subsidize a smaller ‘Socialized Healthcare Sector’ for the poor/underprivileged) is *”Absolutely Essential”* in order to _‘Preserve Reasonable Access’_ to Quality medical services for the majority of citizens, in a reasonably Timely manner.
      ..Directly BECAUSE, such (by in large) helps to ensure that the majority of doctors will receive fair compensation for their care provided ..& on a more consistently predictable basis.
      Now if this means doctors need to boycott & just stop accepting ANY & ALL forms of insurance for a time, while only accepting self-pay directly from their patients.. then so be it!!
      (Because where things stand now, what do most patients or doctors _really_ stand to loose anyway?)🤷🏻‍♀️
      ..A crippling botch-job surgical procedure that patients are likely Better Off without ..considering there’s a high likelihood the preforming doc is already expecting to get ripped-off while simultaneously being told _‘it’s unethical to deny people access to health services due to inability to pay’..)_ 😬
      Ehh well, if we actually stop to analyze that concept for a moment 🤔..such notion inherently means there IS (in fact) an incredibly ironic argument being made that:
      _“Access to Care from _*_’Enslaved Doctors’_*_ is simply a _*_‘Basic Human Civil Right’_*_ now.”_
      Hmm.. 👌👀 but…
      Good Luck expecting to actually _UTILIZE THAT_ health’care’ plan too often and/or for very long!! 💀
      That WILL result in consolidating whatever ‘greed’ currently exists amongst private insurance, into that of a select few dictators.. and _quality of care_ will inevitably become EVEN FURTHER REDUCED to doctors having to tell ALL patients, 🙌equally:🙌
      _”sorry, no narcotic pain meds are currently available due to government healthcare budget caps, but here’s a ‘generous’ Generic Brand Tylenol you can take 30 minutes prior to your leg amputation surgery.. compliments of our great leader.”_ 💀
      Now if a doctor is already financially blessed & can afford to offer providing charitable healthcare services ON THEIR OWN ACCORD, that’s one thing.
      However, since doctors are human beings & not robots, then the government FORCING them to provide labor intensive healthcare services to the entitled public masses at whatever expense, cost, and/or personal detriment that may cause to a doctors own individual well being, would be nothing short of *‘Government Mandated Slavery.’*

    • @alexjeffrey3981
      @alexjeffrey3981 Год назад

      ​@@cybergothstudios94you'll never get the opportunity for vote for socialised medicine. Neither party will let you.

  • @AShah1313
    @AShah1313 Год назад +892

    As a practicing physician, I thank you for this series. We are here to help with whatever you need to broadcast this message as far as it can go.

  • @jslee9402
    @jslee9402 Год назад +761

    Hope to see this actually happening. Private Equity and health care really can not go well. Let alone E.R patients who are the most vulnerable and lack choices.

    • @DGlaucomflecken
      @DGlaucomflecken  Год назад +456

      The lawsuit is real. Check the video description for more info

    • @SMJCMKA
      @SMJCMKA Год назад +42

      ​@@DGlaucomfleckenglad to hear.. hope something good will come out of it

    • @goodfortunetoyou
      @goodfortunetoyou Год назад +27

      We need to make mutual and employee owned and independent provider orgs economically preferential to the megacorps.

    • @whoshotashleybabbitt4924
      @whoshotashleybabbitt4924 Год назад +27

      Emergency medicine is one of the few areas Canada’s single payer system does well. Where it all falls apart is that for 95 percent of people its their only access. (Lack of infrastructure and personnel) so it gets plugged up with things that are very much not emergencies.

    • @catalinarondini6235
      @catalinarondini6235 Год назад +12

      @@DGlaucomflecken Oh thank the lord, great to see that we are actively fighting back against these soulless greedy slave drivers 😊

  • @Aniram789
    @Aniram789 Год назад +574

    Way to go ER doctors! 🎉 I hope your lawsuit kicks private equity in the money maker hard enough for them to leave healthcare altogether!

    • @kvaka009
      @kvaka009 11 месяцев назад

      Right. Then maybe we can march on wall street next. We've created a financialized hell scape and now we're gonna lay in it.

  • @LoosGuccreen
    @LoosGuccreen Год назад +106

    Never though I'd be so happy to read "based on a true story" here

  • @mbkltd1
    @mbkltd1 Год назад +928

    I'm loving this series. It should be required watching at all levels of education. An informed voting populace is something we are quite deficient in.

    • @kgreene460
      @kgreene460 Год назад +12

      Amen! I loved the mention of the No Surprises Act! Dark Brandon strikes, again....

    • @homerman76
      @homerman76 Год назад +15

      Especially with the "us against them" division, this two party system we have going really just destroys most people's ability to think for themselves when it comes to voting, sadly

    • @mbkltd1
      @mbkltd1 Год назад +19

      @@homerman76 that and identity politics, first-past-the-post voting, citizens united, gerrymandering, etc.

    • @cousinjake7986
      @cousinjake7986 Год назад +3

      Preach!!

    • @fixitright9709
      @fixitright9709 Год назад +8

      You can't vote your way out of this problem, both wings of the bird are playing on the same team...

  • @andrewtripoli8843
    @andrewtripoli8843 Год назад +428

    I know this is about medicine, but as a teacher and administrator working in private education this is so similar to what we deal with it's scary! Great work as always!

    • @privacyvalued4134
      @privacyvalued4134 Год назад +11

      Private equity is purchasing the public education system? Do tell because this is the first I've heard of that.

    • @Nazgul094
      @Nazgul094 Год назад +9

      This is capitalism we're talking about after all

    • @endr00t
      @endr00t Год назад

      @@privacyvalued4134 in the US at least there is a strong push to privatize education to the point where a lot of places have “school vouchers” that allow people to divert money from the public school funds to private schools. Charitably it makes private schools more affordable, realistically it further starves public schools making them less effective and driving more people to send children to private schools. The end goal is complete capture of education by private equity after which prices start going up.

    • @robertcotrell9810
      @robertcotrell9810 Год назад

      ​@@privacyvalued4134Ever heard of charter schools? That's the game plan currently.

    • @carolineDMV
      @carolineDMV Год назад

      ​@@privacyvalued4134 As may have come to your attention, for PE to be interested, there must be large amounts of free-flowing money. In some communities where vouchers (a portable per student educational appropriation) are readily available, PE has or will set up schools. These schools pocket a portion of that money and spend the remainder on educating young people. Regulation around pocketing/profit/revenue vs spending and educational requirements and standards can vary considerably by jurisdiction. There is a growing push for vouchers in some communities. So far, voucher availability has been rather limited, but if it becomes widely available, expect large-scale PE “investment” in education.

  • @emperor8716
    @emperor8716 Год назад +166

    Doc Glauc, when the series is over, can you compile all these shorts into 1 long video so we can share it all around?

  • @Anddroiden
    @Anddroiden Год назад +83

    I actually screamed yes when i heard private equity was being sued for unlawfully practicing medicine. Not even American, but you guys deserve better and it has been such a throughline of the story on this channel that it feels like the climax of a story.

  • @DungeonerHarold
    @DungeonerHarold Год назад +172

    Patient centered care may struggle too, but showing that private equity is NOT a superior business model could really make a difference. Thank you no surprises act.

  • @AnthonyTalerico
    @AnthonyTalerico Год назад +156

    I’ve been sitting here waiting for this to upload for two hours. No joke. Every video you make is incredible. The health insurance month is your best idea yet. Keep making people laugh and see the Truth!

    • @HisameArtwork
      @HisameArtwork Год назад +4

      about time someone sued that piece of hair slime. muahahah

  • @deborahs2593
    @deborahs2593 Год назад +24

    As a new nurse in the 1970's until now, I've watched our healthcare nightmare with increasing despair. You've done a great thing with this series- brilliant. And infuriating.

    • @ethanspaziani1070
      @ethanspaziani1070 Год назад +3

      You would think with all this modern technology people would be suffering less but it's the opposite people are suffering more than ever .... All because of greed people are suffering and dying all for the sake of profit

  • @Blunderful19
    @Blunderful19 Год назад +46

    As a long term esketamine patient with United Healthcare, I just want to say that doctors and United Healthcare both bring me to tears for very very different reasons. Thank you to all the healthcare professionals out there willing to fight for us when we frequently don't know how to fight for ourselves.

  • @driftwolf
    @driftwolf Год назад +356

    Please let that lawsuit be true! And please let it succeed! Please let the whole myth of "corporations are people" be skewered by finally making one of those bastards responsible for breaking the law so egregiously, and soundly punished for it. Maybe by putting every single person who made decisions for that organization behind bars for a while. (daydreams continue...).

    • @ACertainGuy0
      @ACertainGuy0 Год назад +96

      The lawsuit is real, check the video description. That said, I would LOVE with all my soul to see the "corporations are people" come back to bite them in the ass by the fact they are being sued as a person, not as a corporation. The Judgment was that corporations are people, but they never said people can be a corporation!

    • @jeanjaz
      @jeanjaz Год назад +37

      People get convicted of murder, manslaughter, and wrongful endangerment, etc., so, go for the throat!

    • @driftwolf
      @driftwolf Год назад +15

      @@ACertainGuy0 missed that 2nd link! Awesome. Hope they not just win, but completely dominate.

    • @taylor3950
      @taylor3950 Год назад

      @@ACertainGuy0 that warms my cold dead heart

    • @yossarianmnichols9641
      @yossarianmnichols9641 Год назад

      Yes, corporations are groups of people with special needs. They fund elections and pick the Supreme court they want. Well they fund the campaigns which is pretty much the same thing since only certain people get the money and win the primary.

  • @kalfried
    @kalfried Год назад +22

    Your ability to use comedy to raise awareness and explain important issues is world class. WORLD CLASS!

  • @friggasring
    @friggasring Год назад +18

    Series like these remind me why I love working for a non-profit safety net hospital that gets public funding.

  • @starshinedragonsong3045
    @starshinedragonsong3045 Год назад +30

    Wait - what!?! Seriously? Really!? FINALLY 😂 BOTH Private Equity going bankrupt AND the physicians suing them for practicing medicine as corporations.
    I love 💕 it!!! I hope MORE follow their lead.

  • @whysocurious7366
    @whysocurious7366 Год назад +145

    I wonder... can all the patients sue insurance corporations for practicing medicine without a license?

    • @LadyAnuB
      @LadyAnuB Год назад +33

      I would think so. Even if it doesn't go to trial, just having the discovery phase showing how healthcare/insurance companies conduct business would be extremely enlightening and that would be the best event to happen.

    • @justahugenerd1278
      @justahugenerd1278 Год назад +19

      Problem is money - at least physicians make good enough money to get lawyers, but the average people? Less so

    • @LadyAnuB
      @LadyAnuB Год назад +23

      @@justahugenerd1278 Not on a class action suit. Lawyers can get up to a third of the settlement so money isn't as much of an issue.

    • @emaayan
      @emaayan Год назад +3

      I don't think so, inspite of what he says, if understand correctly pa"s procedures are written by docros from inside the insurance company and the appeals process also includes doctors.

    • @nephron9924
      @nephron9924 Год назад

      ​@@justahugenerd1278trust me doctors want to sue insurance probably more than patients. Why? Because doctors who are ordering treatments procedures or medicine for their patients are the ones getting the no on the phone by insurance. No doctor wants to look incompetent so they try to do the right thing that gets the best outcome so you like them and leave a good review on your survey or refer your friends

  • @eventidessoul1963
    @eventidessoul1963 Год назад +16

    Read the links in the description and its a very welcome sight. Envision trying to dismiss the lawsuit and is being denied, medical associations supporting the on-going lawsuit(I learned a new latin term! Amicus Curiae)
    I can imagine the other specialists sensing Envision's physiological change as the lawsuit continues. Cardio notes the tachycardia, opththa notes mydriasis as fear kicks in, neuro and psych note the panic setting in, family med experiences a sudden urge to create a plan for Envisions end of life care.

  • @McGregorJeremy
    @McGregorJeremy Год назад +86

    I really look forward to a day that the people of U.S.A. all collectively realise exactly what you're saying, Doctor😁 Business/insurance and medical care of any kind are not just incompatible but diametrically opposed.

    • @ShuRugal
      @ShuRugal Год назад +16

      This is true of just about every business model, but it's most obvious with Healthcare.
      the US Ideal of "businesses exist to make money" will ALWAYS result in businesses prioritizing margins over product/service quality, regardless of which sector it is.
      We, as a society, need to put aside the notion of "make mo money" as a goal for businesses. Making money is a result of providing quality goods and services.

  • @exp2745
    @exp2745 Год назад +30

    Private Equity has lost $900 Million up to this point, but with your help, we can change that.
    Fight now for proper healthcare legislation and together we can permanently bankrupt Barthelme.

  • @lucaswestcott-baker8075
    @lucaswestcott-baker8075 Год назад +82

    “Private equity and healthcare are incompatible.”
    As someone who has spent 20 years working in big pharma, I can confirm this is absolutely true 😢 We still do it, because patients need medicine and with as f***ed as the rest of the system is, pharma is about the only one who can afford to make it, but I’m pushing hard for the day when what I do is publicly funded and no longer for profit ❤

    • @FarmerSchinken
      @FarmerSchinken Год назад +1

      "For Profit" is a good motivation, I actually don't think there is anything wrong with it. There should just be strong regulation how big your profit can be if you have a monopoly and customers without choice... No one is going to skip making profit just because it is capped....

    • @5stardave
      @5stardave Год назад +1

      I wonder how many doctors will volunteer all their time since they won't be working for profit?

    • @SpicyBoba7431
      @SpicyBoba7431 Год назад

      The government is public funded and it’s an atrocity. I don’t think you know what you’re saying

    • @richardshipe4576
      @richardshipe4576 Год назад

      How would a public funding mechanism direct resources to illnesses that are rare and expensive to treat? And what makes you think it'd be run efficiently at all, our public spending schemes in healthcare and entitlements already make up most of the unfunded obligations we're facing within the next decade.

    • @lucaswestcott-baker8075
      @lucaswestcott-baker8075 Год назад +1

      @@FarmerSchinken “For Profit” is a very effective motivation *within a fundamentally capitalist economic system.*
      I find it hard to consider that a point in its *favor*…

  • @billyrodriguez1878
    @billyrodriguez1878 Год назад +9

    I always thought that I cannot be prouder than I am for being an emergency medicine physician but This video actually increased that proudness to a whole new level!!!

  • @hadleytorres8171
    @hadleytorres8171 Год назад +1

    I love the way this man covers the sad state of affairs in the American Healthcare system. While at the same time making it entraining and dryly humorous as possible.

  • @kens2328
    @kens2328 Год назад +14

    Have loved this dude for years. I bet United HC and all other HC insurers absolutely loathe him. Keep up the good work, Dr. G. Roast away! Mockery is hilarious. People respond to being laughed at probably more than by being shamed.

  • @kmdn1
    @kmdn1 Год назад +2

    As someone who fell into a deep hole of depression and hopelessness after being denied treatment (and still being denied treatment) over and over and over again for a dibilitating injury your U.S. Healthcare series helped me feel a little less isolated, confused, lost, hopeless and angry about my situation as a result of the greed of U.S. Healthcare "insurance" companies. I feel stronger knowing that there are thousands upon thousands of other people like me who want nothing more than to help the physicians and the policy makers fight the good fight and do something to stop "health insurance" companies from causing direct harm to people in need of medical care on a massive scale.

  • @cbpd89
    @cbpd89 Год назад +7

    You manage to take your normal, charming, Dr. G face and turn it into the smarmy, slappable Bartholomew Banks face. I salute your acting and will resist the urge to slap Mr. Private Equity.

  • @deeprollingriver52
    @deeprollingriver52 Год назад +2

    As an RN who practiced for 46 years, I’ve been a witness to the downfall of healthcare. I’m so afraid of having to go into the hospital.

  • @Ribberflavenous
    @Ribberflavenous Год назад +22

    Wait, what? This is real? I am concerned that if I pinch myself hard enough to wake up from this dream I will emerge in a world where I can't afford to go to an ER to have the injury treated. LOVE LOVE LOVE this series!!!

  • @JonathanMichael
    @JonathanMichael Год назад +3

    1:36 Tfw private equity started to sound like Mitch McConnell 😂😂

  • @Cristiana-15_09
    @Cristiana-15_09 Год назад +19

    This brought tears of joy and pride to my eyes, and I'm not even american! You go and fight for the People... Our life is in your hands ❤

  • @aganaom1712
    @aganaom1712 Год назад +13

    this was the most invigorating verbal uppercut this series has delivered

  • @cynthiaschrader7474
    @cynthiaschrader7474 Год назад +10

    YES! Been saying insurance companies need to be sued for practicing medicine without a license and well as these crappy law makers and governors.

  • @Draco137YT
    @Draco137YT Год назад +1

    0:46 Bartholomew Banks, Private Equity: *Finally, a worthy opponent. Our battle will be legendary!*

  • @nickgardella5169
    @nickgardella5169 Год назад +3

    Physicians and Nurses and PAs and every single member of allied health who got into this to help people (as most of us do) need to shout this from the rooftops, advocate within our systems (even when the higherups want to shut us down) and most importantly take LEGAL action. Its the only language these people understand. What an amazing series from an amazing doctor. Thank you!!!

    • @Cardboardruna
      @Cardboardruna Год назад

      This kind of nonsense literally prevented me from joining the medical field. I want to help people. But my desire to help does not outpace my desire to maintain a shred of mental health. I cannot physically work for organizations whose entire existence is founded on turning abject human suffering into personal profit. For organizations that deliberately weaponize our own empathy against us for profit. Pure evil.

  • @DMTrance87
    @DMTrance87 Год назад +1

    You sir, are a boon to this planet.... We need about 1 million more of you.
    ...... Please raise as many children as possible. Adopt, procreate, do what you got to do just raise them with your values 💞

  • @riseredeos
    @riseredeos Год назад +16

    This is one of those rare occasions where I would actually donate to an MD for legal fees bc they are up against monsters…..Get em!!!!!!

  • @DaveTexas
    @DaveTexas Год назад +1

    Yep. A couple of years ago I got really sick. Norovirus became dehydration became decreased kidney function in a matter of two days. My husband dragged semi-conscious me to the nearest "Emergency Room," which was one of those private-equity places next to our local grocery store.
    They drew some blood and put me on IV fluids. Bloodwork showed decreased kidney function. They told me they’d need to transfer me to an actual hospital because they couldn’t treat me there. I was put in a private ambulance and driven to a real hospital, where I was put in the ICU for three days.
    I got a bill from the private-equity emergency room. AFTER my insurance paid them, I owed them over $12,000. $12,000 for a basic set of lab tests and one bag of IV saline. They billed my insurance company for more than $20,000, and this $12,000 was what wasn’t covered or negotiated by them.
    My total bill for three days in the ICU was less than $6,000, after insurance.
    I told my husband to NEVER take me to a private emergency room again. Either we go to a real hospital or I just die. Those are my only options.
    Having both an autoimmune disease and a neurological disease, I’m sick all the time and can’t work more than about quarter-time most of the year. I have no money. My husband is retired, so we have a pretty fixed income. I decided the private-equity folks weren’t getting a penny from me. That was robbery at gunpoint, as far as I’m concerned. They got enough from my insurance to cover their lab tests and bag of fluids, plus extra for the doctor who spent five minutes with me and the nurse who drew blood and started the IV. I’ve gotten about 500 collection letters, threatening phone calls, and even someone lying over the phone claiming they were a process server from the county trying to serve me with…some sort of papers. When I asked for the county case number on the paperwork so I could look it up, they hung up. Their phone number belonged to a collection agency in another state, too. Idiots. Not getting a cent. They can’t even sue me now because the debt is past the statute of limitations for a debt-collection lawsuit in my state. It pays to know things!
    I didn’t pay the hospital, either, but that’s because I filled out paperwork showing my household income. My outstanding balance was removed after that. Rich people get to pay it instead, since people like me are one of the reasons costs go up for everyone. You rich people don’t want single-payer universal healthcare? Then you can pay my medical bills.

    • @Cardboardruna
      @Cardboardruna Год назад +1

      I wish more people understood this! People who have decent income are *already* paying for low-income people to receive healthcare. And they're paying much more for it than they would if we had a healthcare model like Germany or other similarly developed countries.

  • @cherylcarlson3315
    @cherylcarlson3315 Год назад +4

    Thanks again for putting the source links. My soul dances at the news of the lawsuit

  • @melissapixie77
    @melissapixie77 7 дней назад +2

    You really stuck the landing on this one, I really want to hear more about this lawsuit

  • @jacob2359
    @jacob2359 Год назад +12

    Wait, you can sue a company for that??? Why havent we done that sooner!

    • @fasdaVT
      @fasdaVT Год назад +4

      You can file lawsuits no problem, winning is a different matter

    • @LadyAnuB
      @LadyAnuB Год назад +5

      @@fasdaVT You may not win but the concept of companies practicing medicine without a license gets to aired out in public. Also, the discovery phase of the trial should be an eye-opener showing how their business model works.

  • @Steven-T
    @Steven-T Год назад +14

    Now do the same for the health insurance corporations.

    • @PhillyDBCoach
      @PhillyDBCoach Год назад

      Absolutely feasible, they practice medicine

  • @KnightSlasher
    @KnightSlasher Год назад +53

    This is what happens when a Healthcare system tries to turn into a business they care more about money than the actual people

    • @thewhitewolf58
      @thewhitewolf58 Год назад

      Turning things into a business is usually fine, though some things like prisons and hospitals you shouldn't try and take away from the government because people will suffer if you try to min max it.

  • @Resinball1983
    @Resinball1983 Год назад +1

    I'd like to get in on that lawsuit. The back of the doctors have been practicing medicine based on insurance saying what they can and can't do for procedures, and what procedures have to be done before other procedures can be done, has caused irreparable harm to myself and other family members. I absolutely think that we should be able to sue the insurance company for practicing without license.

  • @Amigo21189
    @Amigo21189 Год назад +7

    Emergency Medicine has found it necessary to treat one of the more pernicious disorders in our society. He was always a superhero, but today I think we owe him a shirt with a shield on it.

  • @roberthoddinott9160
    @roberthoddinott9160 Год назад +2

    Thank you. I needed that bit of optimism and reassurance. Things might be okay as long as we all follow along, and its nice to have hope again. Thank you for you service.

  • @rafael-rossi
    @rafael-rossi Год назад +40

    A whole series about the crazy world of US Healthcare and not a single appearance of our beloved psychiatrist. =D

    • @ericbrewer30ify
      @ericbrewer30ify Год назад +8

      Like Psychiatry tries to find an inpatient bed for a suicidal adolescent. Or Psychiatry vs United Behavioral Health

    • @LeeeHack
      @LeeeHack Год назад +1

      Well, if all goes well, maybe one day PE will land at his office? ;)

    • @watchmeimflying
      @watchmeimflying Год назад +2

      Most the psychiatrists I know of take cash and let the patience get reimbursed. They can’t even stay in business and actually treat patients if they tried to live off what insurance gives them.

  • @jbradymd
    @jbradymd Год назад +8

    I almost had the Diet Coke spit out my nose at the end! from laughing! Thanks from an ED Director in a small community hospital (not privately owned).

  • @thatcarlchick7655
    @thatcarlchick7655 Год назад +6

    Private equity ruins everything. If you've noticed your vet bills going up a LOT in the past few years, they're behind that too.

  • @TeamCat1128
    @TeamCat1128 Год назад +2

    They can’t keep their greedy hands off anything. Private equity took over a vet clinic in our area. It’s going as well as you’d imagine.

  • @zyxavier
    @zyxavier Год назад +8

    This one actually made me smile. I love all your videos and even though this month has been grueling yet enjoyable, this video was comforting. Keep up the good work and I look forward to the next one!

  • @darthimperious1594
    @darthimperious1594 Год назад +1

    You, sir, are a goddamn hero.
    I am more than willing to see doctors get compensated, and compensated WELL, for what they do. It's a hard job with long hours, it's very important for people, and it takes grueling education to even begin. That's worthy of generous compensation.
    But these corporations, hospitals (not all of them, of course), and insurance companies doing little but sacrificing people on the alter of their greed needs to end.

  • @_bits_and_bytes
    @_bits_and_bytes Год назад +17

    After the depressing videos before it, this one is a breath of fresh air. Seeing private equity suffer is so cathartic

  • @anshumankhetan
    @anshumankhetan Год назад +11

    3 I am not even American but I feel so happy for you all.

  • @Anderson_Roger
    @Anderson_Roger Год назад +174

    People in USA need to realize govt intervention is great sometimes.

    • @dr.floridamanphd
      @dr.floridamanphd Год назад

      It can be great when our elected officials don’t have their heads up their own asses

    • @Steven-T
      @Steven-T Год назад +23

      Nahhhh, we would rather have socialism for the rich and ruthless capitalism for the rest. We can't have regular people taken care of!

    • @rogueviking9268
      @rogueviking9268 Год назад +6

      "The scariest 9 words in the English language are 'I'm from the government and I'm here to help'". . .

    • @griffenrizzo7446
      @griffenrizzo7446 Год назад

      Yes we do

    • @whoshotashleybabbitt4924
      @whoshotashleybabbitt4924 Год назад +4

      @@NeuroatypicalKirbymight want to talk to the 50k Indians a month lifted out of poverty thanks to capitalism. So much of what people think is “capitalism” is cronyism. Very different.
      It’s not a perfect system, but the alternatives have a tendency to result in mass graves.

  • @kmbrown08
    @kmbrown08 Год назад

    Proud member of AAEM...we fight against private equity for all EM physicians!

  • @lucasm.3864
    @lucasm.3864 Год назад +6

    They’ve lost only 900 million? Those are rookie numbers, we’ve gotta pump those up!

  • @EvelynNdenial
    @EvelynNdenial 10 месяцев назад +1

    i was half expecting the Jonathan picture to wobble a bit, you might even say nod, when referenced.

  • @karen5670
    @karen5670 Год назад +5

    I truly love your channel and love how you are using your platform to raise awareness comedically .

  • @Bildo1986
    @Bildo1986 Год назад +2

    Seeing the smug look of satisfaction in emergency's face when private equity finally understands that people stand up for themselves. Best facial expression in the entire catalogue thus far.

  • @EdMuse1122
    @EdMuse1122 Год назад +4

    "You can only cut costs so much before you sacrifice patient care...and the people who do the work won't let that happen." That's the problem, here, and it's similar to the one in both of my fields. As a musician and educator (in my case, at two state universities), I'm acutely aware of the concept that the corporate and administrative powers that be will try to cut budgets to the bone and then some, but that we will still strive to do the best work we can because we care. But here’s the problem: they know that. The powers that be know that when they tear everything down, we will pick up the slack. And when we can no longer do that, when we can do nothing else but fail, we'll be the ones to take the blame. Pay me? Don't pay me? I'll still do the best I can. And not only do thise f****rs know that, they absolutely depend on it!

  • @katttmandoo
    @katttmandoo Год назад +1

    As a person who worked housekeeping, terminally cleaning OR rooms....it's the subtle things, like the Diet Coke at the end that just wrap it up!

  • @homerman76
    @homerman76 Год назад +6

    Proof that there are ways of dealing with the system, especially now that awareness is going up, we just need to know what we're uniting against rather than letting companies manipulate us into being divided

  • @Andrea-jx9ob
    @Andrea-jx9ob Год назад +1

    I've worked in healthcare for over 20yrs and have learned so much from this series. Most of my career has been in registration so, I know a lot of the depravity that insurances try and pull but never knew to the extent they go. As long as we have private health insurance companies running our healthcare systems, you better understand that they work for the shareholders. Their bottom line is king not your health. I'm reading a great book called The People's Hospital by Ricardo Nuila. I highly recommend people read it if you want to learn how American healthcare really "works". Thanks for making these videos.

  • @Caniewaak
    @Caniewaak Год назад +7

    Please tell me the emergency doctors suing is real. I could really use that dose of justice in my life today

    • @Caniewaak
      @Caniewaak Год назад

      @@TheRatsintheWalls how did this rat get in my walls and why is it talking to me?

  • @julie982
    @julie982 Год назад +2

    I love this!!! Private Equity gets his comeuppance and Emergency Medicine strikes back!!!
    I love "Emergency Medicine, Board Certified ", a great introduction.

  • @Steven-T
    @Steven-T Год назад +6

    Is emergency medicine about to become our knight in shining spandex track suit? 😂

  • @LadyAnuB
    @LadyAnuB Год назад +2

    Yes!!!!! ED is still my favorite doc!
    Everyone reading this, please keep track of any United Healthcare commercials you see from this point forward. I am looking to see how they counter this series. I've encountered one so far.but I didn't pay attention to its content to back up my suspicion (as listed in the prevous sentence).

  • @RatKingofWares
    @RatKingofWares Год назад +3

    CPOM (Corporate Practice of Medicine) prohibits or otherwise restricts the ownership of medical or medical-adjacent practices or businesses by non-licensed medical professionals. Currently, 33 states have CPOM regulations that are enforced to varying degrees. States that do not have a CPOM Ban include Alabama, Alaska, the District of Columbia, Florida, Hawaii, Idaho, Indiana, Mississippi, Missouri, Montana, Nebraska, New Mexico, Utah, Vermont, Virginia, and Wyoming.
    ^saved you some google searches

  • @nomorebroscience7755
    @nomorebroscience7755 Год назад +1

    It's wonderful to see so many HCA residency programs go unfilled this past cycle. Definitely a step in the right direction.

  • @juliejanesmith57
    @juliejanesmith57 Год назад +4

    This was refreshing. We need more doctors like this.

  • @FooBRaP
    @FooBRaP Год назад +5

    Thia series is all about the fact that the US allows for nearly everything to become merchandise, even people's lives.
    A life and it's quality shouldn't not be some sort of trading good.
    It should not take a whole society in shambles for you guys to notice (and even then some do not notice).

  • @FutureAIDev2015
    @FutureAIDev2015 Год назад +5

    Hmmm...suing insurance corporations for practicing without a license...this could come in handy for getting back at the insurance I had as a high schooler for refusing to cover a medication I needed during cancer treatment to keep my immune system from crashing.

  • @gary4689
    @gary4689 Год назад +2

    "It sounds like you could use some help"
    *Sues them*

  • @cymtastique
    @cymtastique Год назад +6

    Is this actually happening?
    Get 'em, doctors!

  • @nl-oc9ew
    @nl-oc9ew Год назад +1

    Finally a victory.
    Private Equity goes bankrupt is the sentence, that i didn't know existed, but made me so happy.

  • @Pebbles2639
    @Pebbles2639 Год назад +3

    I really hope you put all these together into a mega video sometime!

  • @AniBAretz
    @AniBAretz Год назад +1

    I LOVE IT! I hope this spearheads the total ouster of private equity from medicine. We also need to return to doctors the legal right to own hospitals and to form unions. Dr. G., your videos are excellent, on point and poignant, and this one is outstanding even among the excellent ones!

  • @youzhou3001
    @youzhou3001 Год назад +4

    More good news! There's another one just filed in Texas where FTC is suing Anesthesia Partners, which is owned by WCAS.

  • @Neal516
    @Neal516 Год назад

    My father and I withdrew from our practice yesterday after nearly 30 years in business in an underserved community. In the last few years the amount of denials and chart audits skyrocketed. This is in addition to most insurances flat out slashing reimbursements in half or more. One insurance even demanding payment for "over reimbursement" from years ago. We have also sensed a growing disdain in the community for medical professionals as we often bare the physical face of these denials. There was no way to continue. We were attacked on all fronts and had to step away.

  • @xjessie_drawsx
    @xjessie_drawsx Год назад +7

    I love a happy ending

  • @HongMiyo
    @HongMiyo Год назад +1

    I hate that corporations are allowed to buy something and then dump the debt of that acquisition onto the thing they bought.

  • @Thraxismodarodan
    @Thraxismodarodan Год назад +8

    Wait, is this GOOD NEWS?!

  • @jsg465
    @jsg465 10 дней назад +2

    you have so many people in you.

  • @ArcaNiraela
    @ArcaNiraela Год назад +5

    Well done Emergency Medicine, well done. 😊

  • @cindylewis3325
    @cindylewis3325 Год назад

    Well Dr. G. Wish you the best for opening the eyes of our US Medical System. I hope it makes a difference

  • @jimm6810
    @jimm6810 Год назад +5

    Is there any hope that insurers can be sued out of existence for practicing medicine without a license when they deny treatment? I would cheer for joy.

    • @PhillyDBCoach
      @PhillyDBCoach Год назад

      Absolutely possible. Interestingly United Healthcare does the same thing we are suing Envision for: they are the #1 employer of physicians via Optum.

  • @charleslewing5286
    @charleslewing5286 9 месяцев назад +1

    As a former hospital CFO, I can tell you that the entire US healthcare system is glass house. Its going to completely collapse in the next couple of years thanks to over -regulation, and high costs that will forever be passed on to the consumer. Just about every small hospital in the US is struggling financially now. Labor shortages for medical providers and other services are so bad that they will never be caught up. Its just horrible. I blame the insurance companies.

  • @drfman
    @drfman Год назад +5

    If those emergency physicians win the lawsuit against private equity, could it be used as precedent to sue insurance companies? Since most have people who are not certified medical professionals making medical decisions for patients on what is "needed".

  • @sallydavidson4471
    @sallydavidson4471 Год назад

    Hey Dr. G,
    Thanks for the light at the end of a depressing month of the Equity Saga!
    I read the article and found it to be a positive step in the right direction.
    Additionally there is another article on MEDPAGE TODAY that discusses the Medicare Advantage plans and how congress might be ready to act on Prior Authorizations! I hope I'm not spilling the beans on the next video!?!

  • @liav4102
    @liav4102 Год назад +4

    Go Emergency Medicine Bro!! We are all behind you ❤❤

  • @sandeepdavid846
    @sandeepdavid846 Год назад +2

    Wow, EM standing up!! 🎉

  • @justsomeguy6730
    @justsomeguy6730 Год назад +4

    Please do something about how private equity is replacing doctors with nurse practitioners while charging patients the same amount.
    Sure it's unethical, but think of how many yachts admin can buy because your daughter or grandmother didn't get to see a doctor for that sudden headache and vomiting!

  • @mr.truffles9294
    @mr.truffles9294 Год назад

    So many successive episodes, I can barely keep up. Thank you!

  • @Crismodin
    @Crismodin Год назад +3

    This was perfect. I love it, and I wish you all the best of luck.

  • @reverie_song
    @reverie_song Год назад +3

    If that wasn't the best Diet Coke commercial I've ever seen, idk what is!

  • @robero11
    @robero11 Год назад +1

    OCP "Good business is where you find it."
    😂😂

  • @luupham889
    @luupham889 Месяц назад +11

    who is here after the CEO got shot 🙋‍♂️?