This One Thing Is Making Your Life More Expensive

[ph1l]

Totally agree with what he's saying on healthcare. It has no basis in reality and is in some sort of twilight zone

In the video

2:35
TeamHealth and Envision doctors aren’t covered by insurance, so when a patient goes to an
2:41
in-network hospital but is seen by a private equity doctor, the patient gets stuck with
2:46
a surprise out-of-network bill.

Surprise billing has been illegal in the U.S. since 2022. That doesn't stop it, of course, but it means patients don't have to pay surprise bills anymore.

When my wife got one of these this year, I had to convince our health insurance company and the provider it should be treated as in-network. It took a lot of time with phone calls and emails, but eventually the provider wrote off the invalid charges.

 

[smallfil]

And how do you know the AI isn't a leftist??

I don't care either way. Was referring to the mass layoffs coming. Learn to read.

 

[BMK]

But Republicans and conservatives in general seek to further deregulate.

Yeah, right...

Republicans and conservatives want to deregulate abortion and immigration?

On what planet?

 

[2rosy]

Any data to backup the claims in the video? Or was it just one person's opinion.

 

[Frederick Foresight]

Yeah, right...

Republicans and conservatives want to deregulate abortion and immigration?

On what planet?

We're talking about the financial sector.

 

[SunTrader]

PE Real Estate companies <> Small Business. The exact opposite.

+ + +

And did someone say something about the Carried Interest Loophole?

Mnuchin, GOP sink Trump’s carried interest pledge

https://apnews.com/article/business...hin-congress-d88cc4c9fc28409b8b2b8d4be8defdb3

OrangeMan can hold his breath all he wants (though it makes it hard for him shove BigMacs down his trap) but if he wanted it done .... it would have been down.

What was that about him not being just another politician?

 

[newwurldmn]

PE Real Estate companies <> Small Business. The exact opposite.

+ + +

And did someone say something about the Carried Interest Loophole?

Mnuchin, GOP sink Trump’s carried interest pledge

https://apnews.com/article/business...hin-congress-d88cc4c9fc28409b8b2b8d4be8defdb3

OrangeMan can hold his breath all he wants (though it makes it hard for him shove BigMacs down his trap) but if he wanted it done .... it would have been down.

What was that about him not being just another politician?

the trump tax cuts seemed like they were written for a 70year old real estate investor. The loopholes for people like him were insane.

 

[piezoe]

the trump tax cuts seemed like they were written for a 70year old real estate investor. The loopholes for people like him were insane.

That's true! And not only that, but home owners tax relief was decreased under the Trump tax bill. see https://oversightdemocrats.house.go...ational Report on Tax Bill and Homeowners.pdf

 

[Velarcus]

It is no surprise that Bill Clinton's Labor Secretary thinks cutting jobs is bad, but the fact is, without cost cuts and revenue increases many of those companies would be dead. As explained in the intro, PE firms acquire loss making companies and make them profitable. The rest of the video is emotional dross to make the hard choices required to get there seem bad.

What is Mr Reich's alternative solution to this problem? Government largess? Paid for by higher taxes? Good luck with that.

Private equity firms ARE market predators. A predator is a strong entity that gobbles up the weak for sustenance. Humans are earth's apex predator. There is nothing intrinsically negative about it.

Reich and his ilk whine about predators because they are weak.