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A comment on After private equity takes over hospitals, they are less adept of providing care. Parent comment

Re:After private equity takes over hospitals, they are less ... by baggy_trough on Thursday August 08, 2024 @10:33AM (#41191983)
> The industries that suck the most also have the most market failures: healthcare, housing, and education

The healthcare, housing, and education industries are some of the most highly regulated. Which came first, the market failure or the regulation?

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Re:After private equity takes over hospitals, they are less ... by spencerchubb on Thursday August 08, 2024 @12:30PM (#41193342)
Market failure came before regulation.

Standard Oil had a monopoly in the oil industry, so antitrust became a thing.

There was information asymmetry around food and drugs, because there's no way for a consumer to really know what's in a food or a drug. So the FDA mandates that they put out accurate info with penalties for incorrect info.

Information asymmetry and moral hazard led to 2008 financial crisis, which then led to Dodd-Frank reform

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Re:After private equity takes over hospitals, they are less ... by baggy_trough on Friday August 09, 2024 @12:54PM (#41203504)
At this point I think it's quite obvious that the cure is worse than the disease.
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Re:After private equity takes over hospitals, they are less ... by spencerchubb on Sunday August 11, 2024 @12:25AM (#41213977)
Not obvious to me! How is the cure obviously worse?
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