Weirdest subplot I’m tracking: failing hospital economics. This is something that can only happen in the US because they’re run for profit (or on individual nonprofit basis). Often owned by PE firms. Seems their high-margin “products” are a) elective procedures b) ER visits...
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Cory flagged this yesterday. https://twitter.com/doctorow/status/1246445485860118528?s=21 …https://twitter.com/doctorow/status/1246445485860118528 …
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Looks like at least some part of this is due to profiteeering ER docs https://twitter.com/oddcopter/status/1246853549977415685?s=21 … https://twitter.com/oddcopter/status/1246853549977415685 …
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Note that already in CARES act, one of the battles was over coverage of uninsured Covid19 patients *at Medicare rates*. Iirc there was a fight over that for precisely this reason. If the “government put” had been priced the way the owners wanted, the $ would have been way higher
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Twist. Not sure how to verify the actual pattern of cuts. This needs a good investigative journalist digging. https://twitter.com/stucchio/status/1246857095204311040?s=21 … https://twitter.com/stucchio/status/1246857095204311040 …
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Yup. I'm hoping CA & WA can engineer some kind of bailout backstopped by the Feds. Maybe incorporate these hospitals into the existing County systems, and integrate the state insurance platforms into a Kaiser-lite, state-run, not-for-profit integrated healthcare system
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These systems are on the frontlines of C19 and public health in general, and were never driven by elective procedures for revenue anyway.
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