Co-Director, @ceprdc and Visiting Professor, Leicester University UK Co-author of 'Private Equity at Work' & 'Unfinished Business'
Dec 19, 2019 • 11 tweets • 4 min read
Despite a $30 million dark money campaign by the private equity industry, Congress is close to ending surprise medical billing.
The problem now?
The House Ways & Means Chair and other Democratic leadership looking the other way. 1/
In short, surprise medical billing is exactly what it sounds like: when an insured patient gets unexpected medicals bills from doctors they were in no position to choose, like an ER doctor.
THREAD: The private equity industry often uses aggressive tactics to enrich itself.
The growing problem of surprise medical billing is one of them, as the industry buys up doctors' practices and medical facilities — then bills Americans exorbitant amounts for the same care. 1/14
Although Congress has taken note, private equity's outsized role in healthcare could present a hidden obstacle to reforms, like Medicare for All.
We'll explain how. 2/14
Apr 19, 2019 • 12 tweets • 4 min read
THREAD: The retail apocalypse in full swing: Gymboree closes 800 stores, Shopko 105, Payless 2300, Charlotte Russe 400.
What’s behind it? Some blame Amazon or changing taste, but the real culprit is private equity. We’ll explain how PE makes money as these businesses fail. 1/12
Private Equity Pillage details the business model that allows private equity firms to bankrupt chains, throw workers out of jobs, stiff vendors and still make a profit, in the context of grocery stores. 2/12 cepr.shorthandstories.com/private-equity…
