Owners of multiple nursing homes operated as virtual slumlords, neglecting buildings, staffing and patient care all the while paying themselves and their families lavishly.
Chevron's announcement came as they and other big oil producers are set to announce a record $199 billion in collective 2022 profits, 50% higher than the previous record.
Universal healthcare is not that complicated. But the people who promote its perceived complexity are the same people who are creating that complexity—for their own benefit.
There are three words that don't belong together: "health," "care," "Investors." Yet a San Francisco conference just showcased worries in this "industry" that they may not be able to keep ripping off the public as much as they desire.
Payday lending is inherently predatory and private equity is turbocharging its abuses, enlarging the burden it places on low-income individuals and borrowers of color.
Critics warn that profit-hungry private equity ownership could result in higher prices for patients and insurers, more unnecessary surgery, and less access to care for patients on Medicaid or those who are uninsured or underinsured.
Banks have identified medical credit cards as a lucrative opportunity to profit off of the worsening crisis of patients who are unable to afford their medical care.
Southwest Airlines made a risky gamble that mass layoffs and spending billions of dollars on handouts to investors rather than fixing infrastructure would pay off with record profits. The airline lost that bet badly.
In recent years, hospitals of every stripe have opened obstetrics emergency departments, or OBEDs, which means healthy patients get bills for emergency care they didn’t know they got.
As Southwest Pilot Larry Lonero writes, "...two decades of neglect takes several years to overcome. And, unfortunately to our horror, our house of cards came tumbling down this week as a routine winter storm broke our 1990’s operating system."
