51–60 of 299 posts
Interesting. I'd like to see more action against the financialization of many other industries / domains, like healthcare and even housing, that I feel are not well served by a purely-market driven perspective. One wonders what the Private Equity firm's intention was here.
> One wonders what the Private Equity firm's intention was here. no, i don't think anyone's wondering that. private equity firms have one purpose and one purpose only.
Interesting. I'd like to see more action against the financialization of many other industries / domains, like healthcare and even housing, that I feel are not well served by a purely-market driven perspective. One wonders what the Private Equity firm's intention was here.
There's a number of these where there's a desire to make it appear there is competition, but actually all are owned by the same conglomerate. I would be 0% surprised if similar things haven't been done or tried in optometry, dentists, etc.
Vangauard
Etc.
There have been COUNTLESS videos about the above and how much they own.
These are the monopolies we should be going after.
Earlier quoted context omitted.
> One wonders what the Private Equity firm's intention was here. no, i don't think anyone's wondering that. private equity firms have one purpose and one purpose only.
Make the pile of money bigger no matter the cost?
https://www.theglobeandmail.com/business/article-private-equ...
I don't understand how some ( to me ) obvious anticompetitive corps seem to go unnoticed, but in this case veterinary clinics are receiving scrutiny.
My partner works in this industry and in fact has friends that are affected by this merger. While the FTC can and does have the ability to do many things simultaneously, the current situation in the vet industry is dire . Corporate vets are more profitable (through price-gouging), have a virtual stranglehold on increasingly limited labor pools, and are pretty much the only ones that can afford to invest in specialty…
Earlier quoted context omitted.
There's a number of these where there's a desire to make it appear there is competition, but actually all are owned by the same conglomerate. I would be 0% surprised if similar things haven't been done or tried in optometry, dentists, etc.
BlackStone Vangauard Etc. There have been COUNTLESS videos about the above and how much they own. These are the monopolies we should be going after.
Interesting. I'd like to see more action against the financialization of many other industries / domains, like healthcare and even housing, that I feel are not well served by a purely-market driven perspective. One wonders what the Private Equity firm's intention was here.
Earlier quoted context omitted.
Healthcare was more affordable back when individuals payed for it. The problem was that some could not, so we introduced insurance. At this point no one can afford it anymore without insurance. So our fix for one problem created a new problem.
What about the fact that we also introduced more complex medical procedures and developed costly technology? Plus more health care red tape and over-site increasing administrative overhead. Perhaps the advent of insurance helped bring more advanced and therefor better medical care to the average person that would otherwise be unaffordable.
Earlier quoted context omitted.
My partner works in this industry and in fact has friends that are affected by this merger. While the FTC can and does have the ability to do many things simultaneously, the current situation in the vet industry is dire . Corporate vets are more profitable (through price-gouging), have a virtual stranglehold on increasingly limited labor pools, and are pretty much the only ones that can afford to invest in specialty…
Could you explain this more? If the corp vets are price gouging, why are consumers choosing them over the smaller vets?
Earlier quoted context omitted.
My partner works in this industry and in fact has friends that are affected by this merger. While the FTC can and does have the ability to do many things simultaneously, the current situation in the vet industry is dire . Corporate vets are more profitable (through price-gouging), have a virtual stranglehold on increasingly limited labor pools, and are pretty much the only ones that can afford to invest in specialty…
Emergency vets in many places will demand you pay $5,000 upfront (within minutes before surgery is performed) or your pet dies. Then, your pet will die anyway. It is a sad and exploitative industry.
In this case, non-payment is a huge issue for vets and they need to keep their doors open for everyone else that needs care. Running a specialty like emergency medicine is even more expensive and carries higher prices as a result. They don't want to deal with trying to collect after the fact. Hence, they'll usually give two options: Pay at the time of service or sign up for something like CareCredit that will pay the vet upfront and deal with the collections on the backend. Some places offer third options, but these are usually problematic or involve charities.