Senator warns about bill banning private equity: a cardiologist's perspective.
Private practice cardiologist explains that 80% of American doctors now work for a corporation, up from sixty two percent in 2011, and Congress just introduced a bill to undo that in one stroke. This will ruin medicine for ever.
Senators Warren, Wyden and Merkley, along with Representatives Ocasio-Cortez, Hoyle and Subramanyam, introduced the Stop Corporate Takeovers of Physicians Act on September 16. Most of the medical internet celebrated it. I read the bill, and in this episode I walk through what it actually bans, the friendly physician loophole it is aiming at, the non-compete ban almost every doctor would sign tomorrow, and the question nobody is asking about who buys these practices when Wall Street is forced to sell.
Watch the full video: https://youtu.be/9JEXKFN9B-w
Questions this episode answers:
What is the Stop Corporate Takeovers of Physicians Act?
Can private equity own a medical practice?
Why do so many doctors work for corporations now?
What is the friendly physician loophole?
Does this bill ban non-compete agreements for doctors?
Would banning private equity in medicine actually help patients?
Keywords: private equity healthcare, corporate practice of medicine, elizabeth warren bill, physician autonomy, friendly physician loophole, doctor non compete, private equity doctors, hospital consolidation, independent practice, corporate medicine, mso healthcare, healthcare policy
#heart #cardiology #drAlo #privateequity #corporatemedicine #physicianautonomy
