In most states, it's illegal for practices to be owned by non-MDs, and historically, only a small fraction of MDs worked for hospitals, subject to administration by businesspeople rather than doctors.
That was radically altered by private equity's entry into healthcare, with waves of consolidation that saw local hospitals merged into massive national chains, and private practices scooped up and turned into profit-maximizers, not health-maximizers:
https://prospect.org/health/2023-08-02-qa-corporate-medicine-destroys-doctors/
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Today, doctors are being proletarianized, joining the ranks of nurses, physicians' assistants and other health workers. In 2012, 60% of practices were doctor-owned and only 5.6% of docs worked for hospitals. Today, that's up by 1,000%, with 52.1% of docs working for hospitals, mostly giant corporate chains:
https://prospect.org/health/2023-08-04-when-mds-go-union/
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The paperclip-maximizing, grandparent-devouring transhuman colony organism that calls itself a Private Equity fund is endlessly inventive in finding ways to increase its profits by harming the rest of us. It's not just hospices - it's also palliative care.
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