There’s a weird way some form of nationalized healthcare could happen. This will clearly (and justifiably) cause outrage. Frontline staff will not only demand (and should get) back pay, they should probably get hazard pay too. This will most likely come from bailout funds...
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The terms of this bailout are crucial. The PE firms that own these assets will likely try to score no-strings free money. Best case, they’ll probably get easy loan terms with requirement that it be used for back pay and not laying off/furloughing staff, either frontline or admin.
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But this is bad. The PE firms should NOT get to socialize the costs of their profiteering in better times with no consequences during public service periods. I think the government should get equity for bailout even if the owners lose control. Indirect partial nationalization.
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Not saying you necessarily want state run healthcare. But a transient public ownership phase might be the perfect condition under which to pass much needed reform laws and get a better healthcare for all type deal done, with infrastructural skin in the game.
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Caveat: I just learned about all this via reading public news coverage in the last week or so. I’m sure my naive layperson gloss on this is the tip of a very deep iceberg, and that there’s already an invisible war underway for control of the future of the hospital system.
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If I got anything badly wrong please correct me. If you have good deeper links on this, please share. I’m not linking anything I’ve read so far because... they’re not particularly good links/sources.
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Venkatesh Rao Retweeted
Yep. I haven’t dug into this deeply. I suspect it’s not the ER doctors who choose this but facility owners. https://twitter.com/oddcopter/status/1246850161483091968?s=21 … https://twitter.com/oddcopter/status/1246850161483091968 …
Venkatesh Rao added,
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Venkatesh Rao Retweeted shawn z kumar
Good point, but will be hard to financially engineer since only fed can print the brrr money to do this, and they won’t want to do it on behalf of states esp under Trump who will fight for his PE buddies in the biz like Schwarzman to retain control. https://twitter.com/shawnkumar1000/status/1246850701839314944?s=21 …https://twitter.com/shawnkumar1000/status/1246850701839314944 …
Venkatesh Rao added,
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Venkatesh Rao Retweeted Cory Doctorow #BLM (AFK until Jan 4 2021)
Cory flagged this yesterday. https://twitter.com/doctorow/status/1246445485860118528?s=21 …https://twitter.com/doctorow/status/1246445485860118528 …
Venkatesh Rao added,
Cory Doctorow #BLM (AFK until Jan 4 2021)Verified account @doctorowDuring a 2007 trip to NYC, while taking long walks from one indie bookstore to the next, lugging increasingly heavy bags of pressed vegetable matter, I stumbled on Simon Lovell's HOW TO CHEAT AT EVERYTHING at the St Mark's Bookshop. https://www.runningpress.com/titles/simon-lovell/how-to-cheat-at-everything/9781560259732/ … 1/ pic.twitter.com/jOaq4oJUMiShow this thread1 reply 1 retweet 23 likesShow this thread -
Venkatesh Rao Retweeted
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 …
Venkatesh Rao added,
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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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Venkatesh Rao Retweeted
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 …
Venkatesh Rao added,
This Tweet is unavailable.2 replies 0 retweets 5 likesShow this threadThanks. Twitter will use this to make your timeline better. UndoUndo
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