May 30, 2024, You Can Thank Private Equity for That Enormous Doctor’s Bill
Private-equity investors have poured billions into healthcare but often game the system, hurting both doctors and patients. When a business gets bigger, it forces mom-and-pop players out of the market, but it can boost profits and bring down costs, too. Think about the pros and cons of Walmart and “Every Day Low Prices.” In a complex, multitrillion-dollar system like America’s healthcare market, though, that principle has turned into a harmful arms race that has helped drive prices increasingly higher without improving care.
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Wall Street Journal: You Can Thank Private Equity for That Enormous Doctor’s Bill