The article discusses the negative impact of private equity on the economy, particularly emphasizing its role in declining quality across various sectors, including health care. As inflation affects prices, the deterioration in service quality is increasingly evident, exacerbated by private equity's aggressive pursuit of profit. Experts assert that this trend, marked by poor customer service and unsafe health care, is becoming widely recognized. Investigations by the Federal Trade Commission illustrate the troubling relationship between private equity investment and worsening service standards, raising concerns about future regulatory actions under different political leadership.
The Federal Trade Commission, under Commissioner Lina Khan, worked with multiple departments to investigate private equity's role in decreasing health care quality.
Hannah Garden-Monheit points to growing evidence of a pattern where private equity investment in health care markets leads to care that is both expensive and unsafe.
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