Abusive Capitalism, An American Healthcare Story
In an age where Adam Smith's vision of consumer-centered capitalism seems as archaic as handwritten letters, the American Healthcare Delivery System stands as a monument to modern-day distortions. ?Smith, with his quaint beliefs in the invisible hand guiding markets to serve the consumer, would be aghast at today's healthcare landscape, a freakish carnival of private equity puppeteers, an oligopoly of four insurers juggling policyholders like hot potatoes, and Pharmacy Benefit Managers (PBMs) concocting inscrutable alchemies to squeeze out profits.
The stage is further crowded with hospital conglomerates, swollen like ancient city-states, all under the watchful eyes of Wall Street’s insatiable maw, ravenous for the quick wins of short-term stock gains. ?Here lies the perversion of Smith's capitalism: a system where consumer well-being is the afterthought in a grandiose scheme orchestrated for the endless feast of shareholder greed, with EBITDA as their mantra and healthcare as the sacrificial lamb. This, indeed, is the tableau of American healthcare: a system contorted beyond recognition, where the health of the market far outweighs the health of the patient.?
As I prepare for my new position at The Mahoney Group, I’m reading Simon Sinek's The Infinite Game. It is fantastic. Below are a few excerpts from Chapter 5.
He nails healthcare.?
How about your industry??
I could not be prouder to have transitioned to a small, agile, employee-owned company that will lock arms with me in this fight.?
Analytical Salesforce Administrator with a keen eye for detail and 10 years of Salesforce ecosystem experience.
11 个月Welcome, Craig!