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Aug. 9th, 2023 03:23 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
feotakaharihttps://pluralistic.net/2023/08/08/vampire-capitalism/
“Think of healthcare. Consolidation in pharma lead to price-gouging, where hospitals were suddenly paying 1,000% more for routine drugs. Hospitals formed regional monopolies and boycotted pharma companies unless they lowered their prices – and then turned around and screwed insurers, jacking up the price of care. Health insurers gobbled each other up in an orgy of mergers and fought the hospitals.
“Now the health care system is composed of a series of gigantic, abusive monopolists – pharma, hospitals, medical equipment, pharmacy benefit managers, insurers – and they all conspire to wreck the lives of only two parts of the system who can't fight back: patients and health care workers. Patients pay more for worse care, and medical workers get paid less for worse working conditions.”
“Think of healthcare. Consolidation in pharma lead to price-gouging, where hospitals were suddenly paying 1,000% more for routine drugs. Hospitals formed regional monopolies and boycotted pharma companies unless they lowered their prices – and then turned around and screwed insurers, jacking up the price of care. Health insurers gobbled each other up in an orgy of mergers and fought the hospitals.
“Now the health care system is composed of a series of gigantic, abusive monopolists – pharma, hospitals, medical equipment, pharmacy benefit managers, insurers – and they all conspire to wreck the lives of only two parts of the system who can't fight back: patients and health care workers. Patients pay more for worse care, and medical workers get paid less for worse working conditions.”
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Date: 2023-08-13 08:33 pm (UTC)