Thursday, July 13, 2023

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[GrNoHealth] Private equity is having a moment Full Message with Links Joel Clemmer via Jul 12, 2023, 4:24 PM (15 hours ago) to GreatNorthernHealth This long-ish and optional post has to do with the invasion of healthcare by private equity firms. It recommends three sources of information and perspective: a podcast by Dr. Abdul El-Sayed, an article in the New York Times' Upshot series, and a book by an author with Saint Paul roots. The podcast is an episode of El-Sayed's America Dissected series, among those mounted by Jon Favreau's Crooked Media. Favreau was Barack Obama's Wunderkind head speechwriter. (Check out the excellent Pod Save America when you visit Crooked). Abdul El-Sayed has one of those biographies that makes me think I've wasted my life: Dr. Abdul El-Sayed is a physician, epidemiologist, educator, and public communicator. He is a commentator at CNN and a Contributing Editor at the New Republic, and his newsletter, The Incision, cuts into the trends shaping our moment. His three books include Healing Politics: A Doctor’s Journey into the Heart of Our Political Epidemic (Abrams Press, 2020), which diagnoses our country’s epidemic of insecurity and the empathy politics we will need to treat it; and Medicare for All: A Citizen’s Guide(Oxford University Press, 2021), co-authored with Dr. Micah Johnson, which offers a no nonsense guide to the policy. He is the host of “America Dissected,” a podcast by Crooked Media, which goes beyond the headlines to explore what really matters for our health. He is a Towsley Foundation Policymaker in Residence at the University of Michigan Gerald R. Ford School of Public Policy, and a Senior Fellow at the FXB Center for Health & Human Rights at the Harvard T.H. Chan School of Public Health, teaching at the intersection of public health, public policy, and politics. In addition, he is a Scholar-in-Residence at Wayne State University and American University. Note that he more than gets it about single-payer. El-Sayed discusses the effects of private equity on healthcare with Eileen O'Grady of the Private Equity Stakeholder Project at Highly recommended. peq6.png The second source only just appeared. The Upshot feature of the Times published a frank, evidence-based assessment of private equity in healthcare. The "upshot" of this review is not good. See peq1.png peq2.png peq3.png . . . And this is the study to which this article refers (which I have not read yet). My impression is that it could be a supplemental chapter for Paul Starr's The Social Transformation of American Medicine. peq8.png See Finally, we have Brendon Ballou, who was born in Saint Paul and whose mother some of us know. Both have since moved on, Brendon to Stanford Law. After that, he was Special Counsel for Private Equity in the Justice Department's Antitrust Division.He is ideally suited to write this book, which just appeared to rave reviews. It deals with private equity across all sectors, not just the medical-industrial complex. peq4.png Here is a snippet from the Times' review, which included another book, as well: . . . peq5.png . . . Consider all this as summertime beach reading for nerds. Enjoy! Joel Clemmer

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