Is that why they're defunding community care? 🤔
Comment on Doesn't add up
unitedwithme@lemmy.today 2 weeks ago
I skimmed the comments and didn’t catch this, but don’t forget about all the PRIVATE EQUITIES buying up nursing home facilities, banking on SSI, Medicare and Medicaid funding, upcharging perscriptions, “maximizing efficiencies” (aka paying as little wages as possible), and the revolving door of customers…
Maeve@kbin.earth 2 weeks ago
drakairos@feddit.online 2 weeks ago
Don’t forget those private equities buying up life insurance companies that are being used for dumping grounds for bad loans that’ll be bailed out through state-based guaranty funds instead of passing through bankruptcy. In other words, these private equities are using life insurance subsidiaries to offload the risk of bad loans (mostly AI-related) to taxpayers when those life insurance companies become insolvent.
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=7152239