Get Private Equity out of Healthcare!!
Early this year, my Primary Care Physician sold his practice to a private equity group. Within months, they started billing for services not provided [๐"Hello? State Insurance Fraud Division?" BTW: they had to return the payments.]
They raised the number of patient appointments per day for nurse practitioners and physician assistants from 16 to 25 -- a more than 50% increase in the workload.
For an annual exam, I waited in the lobby an hour past my appointment time and another hour inside an exam room. They put me in an exam room because the office closed, and the staff left. The front door was locked when my ride home looked for me.
After all that, they still couldn't get my prescription refills correct. I've been working on one of them for FOUR MONTHS. #OptimaMedical
Get PE the F out of healthcare!
BREAKING: US Treasury Secretary Bessent says Treasury buybacks announced yesterday could now MORE than double, exceeding $4 billion per operation.
Bessent said buybacks will increase โby at least double,โ adding, โwe have a big toolkit, so weโll see.โ
This comes just hours after the US 30Y Treasury Yield erased all of its decline following Wednesdayโs announcement.
As predicted in post #8 of our analysis below, buybacks and broader intervention are likely to be much larger than markets expect.
This is a band-aid on a gushing wound.