NBC News: A new study reveals the states where private equity has the most influence on housing, health care, jobs and pensions
April 9, 2024 – An NBC story explored the impact of private-equity firms like Apollo Global Management on healthcare, housing, jobs, and pensions across the United States. It focuses on specific cases, such as the takeover of Conemaugh Health System, where patients report declines in care quality since becoming a for-profit system. The article also highlights broader trends, including how private-equity acquisitions often involve loading companies with debt and may harm patient care.
Additionally, NBC the effects of private-equity involvement in housing, job markets, and pension systems, citing examples and state-specific risks identified by the Private Equity Stakeholder Project’s new State Risk Index. Critics argue that private equity’s pursuit of profits conflicts with patient care and workers’ well-being, prompting calls for increased transparency and regulation. NBC concluded with statements from policymakers like Senator Elizabeth Warren, emphasizing the importance of holding private-equity firms accountable for their actions.
NBC News: A new study reveals the states where private equity has the most influence on housing, health care, jobs and pensions
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