How Private Equity Makes US Sicker

When:
October 7, 2022 @ 4:30 pm – 6:00 pm America/Los Angeles Timezone
2022-10-07T16:30:00-07:00
2022-10-07T18:00:00-07:00
Where:
RSVP

Logo collage for cosponsoring organizations: American Economic
Liberties Project Americans for Financial Reform Education Fund Center
for Economic and Policy Research Cornell University - School of
Industrial and Labor Relations (ILR) -Worker Institute Long Term Care
Community Coalition Private Equity Stakeholder Project
TakeMedicineBack

*** Please forward widely ***

(Virtual Educational Forum)

How Private Equity Makes US Sicker

Tuesday, October 18, 7:30-9:00 PM via Zoom

Join by phone or computer.
Closed captions in English will be available.
A recording will be distributed to all registrants following the forum.

Dear Mike,

We are two weeks out from our forum!  If you haven’t already, RSVP today to join us on Tuesday, October 18 at 7:30PM for our virtual educational forum: How Private Equity Makes US Sicker. This forum will address the increasing role and implications of Wall Street investors in general and specifically Private Equity – in the healthcare industry. Private equity has become a troubling menace as it seeks to extract outsized profits by buying up healthcare providers. Our speakers will address what private equity is, how it makes money, and what are its results. These corporate owners focus on cutting costs, increasing prices, and stripping assets to maximize short-term profits — at the expense of providers, patients, workers, communities, and taxpayers.

RSVP button

Speakers:

Rosemary Batt, Ph.D. is a Professor at the Cornell University School of Industrial and Labor Relations. In ongoing collaboration with Eileen Appelbaum (co-director of the Center for Economic and Policy Research) she has been researching and writing about the increasing role of private equity in healthcare (and in other sectors of our economy) for over a decade and has a book on the subject pending. She received her BA from Cornell University and her Ph.D. from the Sloan School of Management, Massachusetts Institute of Technology.

Robert McNamara, M.D., MAAEM is a leader of TakeMedicineBack, organizing to take medicine back from corporate interests that exploit patients and physicians alike. He currently serves as Chairman of Emergency Medicine at Temple University Hospital, and is a founding member and Past President of the American Academy of Emergency Medicine (AAEM) which seeks to preserve physician-owned practices in emergency medicine.

Richard Mollot, J.D. is the executive director of the Long Term Care Community Coalition (LTCCC), a nonpartisan, nonprofit organization dedicated to improving care for individuals in nursing homes and other residential care settings through legal and policy research, advocacy, and education.  Richard has researched and published on a variety of long-term care issues, including: dementia care; nursing home and assisted living standards; and nursing home financing.

Text reading: \

Wall Street actors pose an increasing threat to the passage of single-payer healthcare, which has seen a dramatic surge in popularity among patients, healthcare professionals, and the American public more generally. The increased penetration by Wall Street investors into every sector of healthcare has shifted incentives further away from actual care of patients. And, as financial actors increase their control of healthcare services, their political influence against single payer grows too.

Our speakers will discuss their decades of research that has demonstrated how Wall Street and corporate ownership of healthcare has led to worse healthcare outcomes, more inequitable access for patients, and moral injury to physicians and other healthcare workers.

As always, we will have Q&A with our panel and Calls to Actions.

Forum Co-sponsors:

American Economic Liberties Project 
Americans for Financial Reform Education Fund
Center for Economic and Policy Research
Cornell University – School of Industrial and Labor Relations (ILR) -Worker Institute
Long Term Care Community Coalition
Private Equity Stakeholder Project
TakeMedicineBack

If you have questions or suggestions, please email Morgan Moore at morgan@pnhpnymetro.org.

Stay safe and keep acting for life-saving change,

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