News for hackers. Stuff that matters.

A comment on Quality of care declines after private equity takes over hospitals. Parent comment

Re:Quality of care declines after private equity takes over ... by nobodyandproud on Tuesday December 26, 2023 @12:58PM (#38774066)
Sure but as a profitable company not accountable to customers, what stops them from giving poor service at a premium?
[ Parent | on HN ]
Re:Quality of care declines after private equity takes over ... by xyzzy4747 on Tuesday December 26, 2023 @12:59PM (#38774089)
The customers would buy less of their services probably.
[ Parent | on HN ]
Re:Quality of care declines after private equity takes over ... by seadan83 on Tuesday December 26, 2023 @01:30PM (#38774441)
That implies having a choice to buy less or more of a service. Healthcare often does not give that choice.
[ Parent | on HN ]
Re:Quality of care declines after private equity takes over ... by krapp on Tuesday December 26, 2023 @01:18PM (#38774312)
Why would companies that claim their own monopolies on violence and have no laws to answer to other than their own allow customers to do so? What's to stop companies from blacklisting such customers or collaborating to fix prices?

What's being described here is what anarcho-capitalism and pure free markets always devolve into - the mafia. You don't get to just shop around for a better mafia if you don't like the one running your town.

[ Parent | on HN ]