CBS News takes a look at the mounting patient risks and health care compromises that have surfaced under hospitals owned by private equity-backed companies. We talked to the family of Sungida Rashid, a new mom who died after giving birth at a Boston hospital.
Each weekday morning, “CBS Mornings” co-hosts Gayle King, Tony Dokoupil and Nate Burleson bring you the latest breaking news, smart conversation and in-depth feature reporting. “CBS Mornings” airs weekdays at 7 a.m. on CBS and stream it at 8 a.m. ET on the CBS News app.
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It isnt perfect but Im so glad I live in Canada.
Rom 3:23
For all have sinned, and come short of the glory of God;
Romans 6:23
For the wages of sin is death;
Psalms 9:17
The wicked shall be turned into hell, and all the nations that forget God.
Acts 8:37
And Philip said, If thou believest with all thine heart, thou mayest. And he answered and said, I believe that Jesus Christ is the Son of God.
Romans 10:9
That if thou shalt confess with thy mouth the Lord Jesus, and shalt believe in thine heart that God hath raised him from the dead, thou shalt be saved.
Corinthians 15:3-4
For I delivered unto you first of all that which I also received, how that Christ died for our sins according to the scriptures; And that he was buried, and that he rose again the third day according to the scriptures:
Ephesians 2:8-9
For by grace are ye saved through faith; and that not of yourselves: it is the gift of God: Not of works, lest any man should boast.
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Building Hospitals specifically FOR profit is a level of greed I never expected.
Why isn’t congress investigating this instead of foolishness like impeachment
The best part of this is these politicians haven't woken up to the fact that EVERY HOSPITAL CEO and leadership team is doing the same thing, getting more and more greedy, and pricing healthcare too high while short staffing hospitals at the expense of staff and patient safety!
The fact is the democrats out of DC DID in fact cut the Medicare reimbursements by 4.5 % -ask the democrats why they did that!
This is what happens when you have the worst and most expensive healthcare system in the world. Disgusting
This is happening all over the country.
All of the millions these private corporations siphon out of health care could be used for universal health care. We could have nice things if we stop allowing corporate robber barons to steal money from everywhere.
We need national medical health care – shame on us. As Liz warren factored, if billionaires paid pennies on the dollar we could all have free medical care. That would stop a lot of the grift!!!
We should have formal community & government approval process when these health-care institutions r being bought by private-equity firms. There should also be some post-purchase monitoring/audits procedures to follow.
Rest in peace young lady.
Private equity ruined health care in this country. Private equity is ruining housing in this country.
It's the same at all hospitals owned by private equity. Health care is not a commodity and, in first world countries at least, is a right. Profit-making is the exact opposite incentive for a health care business. Even non-profits are not much different; they take the money saved from no taxation to line the owner's pockets anyway. Even worse, the same private equity investors also buy up all the private practices and anything else in the community that has health care offerings so that the population has no choice at all but to be poorly served while being bankrupted. This is not right! This must be remedied and now!
"Greed is good" is Ronald Reagan's legacy.
Correction. The price of the executive's yacht was not 40 million dollars. It was 40 million dollars and one (and probably more) very precious human life. He is a real p o s.
Smh…GREED VS LIFE $$$$$$$$$$$
This has been going on for years. Hospitals and long-term care providers have been putting profits ahead care for years. This is why I believe that these places should be nonprofit.
I bet the CEO declined an interview. Keep on top of Steward's every move.
All I know is that I used to have only 4-5 patients on 12 hour nightshifts and it was up to 9, when I left in 2009. Plus they’d added on ortho and telemetry to my floor. Telemetry patients had to have a nurse accompanying to tests. So leaving my other post op pts to run around with one.
Anyway, they do not care about patients nor nurses. Always leave you feel like crap no matter how you hustled.
Socialised healthcare. Step up, America. 🇨🇦
For-profit healthcare should be illegal.
This is just another example of the business world where CEO and Board of Directors pay is more important than anything.
Must everything be privatized in the States? From public transportation to healthcare to schools. These are basic necessities that should be run by governments (local, states, & federal) whether they turn up profit or not
This is what you get when you allow business to run healthcare instead of publicly funding which happened in the 1980’s.
That’s the entire healthcare system more importance on profit and self profit than patient care it’s sad
If CBS news isn’t going to stay on this and press Congress on this, what is the point of the story?
This is heartbreaking and eye opening
Tony, the shoes may be cool but ruin the prof look. IMO.
At the price of healthcare in the USA it is unbielivable that someone dies like that. Scary to be treated in the US!
Terrible. This country is killing itself from the inside out and dragging everyone down. The only difference is these companies have billions of dollars in their pockets to save themselves.
It’s not just hospitals. Nursing homes, rehab centers, assisted living centers, and memory care units are also all being taken over by private equity.
Repossession of medical supplies needed for life saving interventions??? Hope they get sued into bankruptcy.
Essential public services and goods should NEVER be for-profit. At the very least, they need to be heavily, heavily regulated.
That's "US Healthcare" for you! Worst in the world by far!
If I ran things there would be no for profit healthcare. Period.
These equity firm owners shouldn't be shielded from liability if their financial policies cause a death because they dictate hospital treatment policies, and people suffer the price for it.
Unpaid bills, but i bet they paid shareholder dividends at the equity firm owners…
This story doesn't sound new at all. Profit and budgeting is always hospitals goals.
Geee if only Healthcare was a universal human right in the USA. "conservative" Voters all want for profit healthcare and this is what we get.
Private Equity Investors who have been doing are criminals & they should be charged as such. They are evil doers & need to be in prison. The government needs to interrupt the buyout or the merger of these evils.
Same thing happening in Rhode Island.
Old story from the greedy 80s and 90s. That's what these merger/aquisition, bait and switch to suck out good company/organization and then dump skims. Unfortunately, this is typical 'American capitalism'
May she rest in peace. Eye of the needle!❤ Enjoy the yacht😢
It's nice to finally hear from nurses regarding these issues. They're tired of being silenced. ALL of us should back them up in an effort to get others in the medical field to speak up too.