PESP co-sponsored event: “How Private Equity Makes Us Sicker”
How Private Equity Makes Us Sicker
Tuesday, October 18, 7:30-9:00 PM via Zoom
Join by phone or computer.
Closed captions in English will be available.
A recording will be distributed to all registrants following the forum.
RSVP to join us on October 18 at 7:30PM for our virtual educational forum: How Private Equity Makes Us Sicker. This forum will address the increasing role and implications of Wall Street investors in general and specifically Private Equity – in the healthcare industry. Private equity has become a troubling menace as it seeks to extract outsized profits by buying up healthcare providers. Our speakers will address what private equity is, how it makes money, and what are its results. These corporate owners focus on cutting costs, increasing prices, and stripping assets to maximize short-term profits — at the expense of providers, patients, workers, communities, and taxpayers.
Wall Street actors pose an increasing threat to the passage of single-payer healthcare, which has seen a dramatic surge in popularity among patients, healthcare professionals, and the American public more generally. The increased penetration by Wall Street investors into every sector of healthcare has shifted incentives further away from actual care of patients. And, as financial actors increase their control of healthcare services, their political influence against single payer grows too.
The event speakers will discuss their decades of research that has demonstrated how Wall Street and corporate ownership of healthcare has led to worse healthcare outcomes, more inequitable access for patients, and in moral harm to physicians and other healthcare workers.
There will also be a Q&A session with the panel and Calls to Action.
Rosemary Batt, Ph.D. is a Professor at the Cornell University School of Industrial and Labor Relations. In ongoing collaboration with Eileen Appelbaum (co-director of the Center for Economic and Policy Research) she has been researching and writing about the increasing role of private equity in healthcare (and in other sectors of our economy) for over a decade and has a book on the subject pending. She received her BA from Cornell University and her Ph.D. from the Sloan School of Management, Massachusetts Institute of Technology.
Robert McNamara, M.D., MAAEM is a leader of TakeBackMedicine, organizing to take medicine back from corporate interests that exploit patients and physicians alike. He currently serves as Chairman of Emergency Medicine at Temple University Hospital, and is a founding member and Past President of the American Academy of Emergency Medicine (AAEM) which seeks to preserve physician-owned practices in emergency medicine.
Richard Mollot, J.D. is the executive director of the Long Term Care Community Coalition (LTCCC), a nonpartisan, nonprofit organization dedicated to improving care for individuals in nursing homes and other residential care settings through legal and policy research, advocacy, and education. Richard has researched and published on a variety of long-term care issues, including: dementia care; nursing home and assisted living standards; and nursing home financing.