Replying to Avatar Cory Doctorow

They're sometimes called #VultureCapitalists, but they're really #VampireCapitalists:

https://www.motherjones.com/politics/2022/05/private-equity-buyout-kkr-houdaille/

Given a choice, PE companies don't want to prey on sick businesses - they preferentially drain off value from *thriving* ones, preferably ones that we *must* use, which is why PE - and KKR in particular - *loves* to buy health care companies.

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Heard of the "surprise billing epidemic"? That's where you go to a hospital that's covered by your insurer, only to discover - after the fact - that the #EmergencyRoom is operated by a separate, PE-backed company that charges you thousands for junk fees. KKR and #Blackstone invented this scam, then funneled millions into fighting the #NoSurprisesAct, which more-or-less killed it:

https://pluralistic.net/2020/04/21/all-in-it-together/#doctor-patient-unity

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KKR took one of the nation's largest healthcare providers, #Envision, hostage to surprise billing, making it dependent on these fraudulent payments. When Congress finally acted to end this scam, KKR was able to take to the nation's editorial pages and damn Congress for recklessly endangering all the patients who relied on it:

https://pluralistic.net/2022/03/14/unhealthy-finances/#steins-law

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