that some of these hospitals are owned by venture capitalist, and that is part of the problem
I suspect the VC factor would be much less of a problem if NY – and the nation at large – didn’t have so many laws and regulations strangling the health care industry and instead there was true market competition.
Clark said many years ago that we have neither a capitalist system (despite the left’s constant insistence otherwise) nor a socialist system, but rather a frankenstein monster combining the two concepts. And it ain’t working.
I’m not one bit surprised that New York’s hospitals rank among the worst, and I believe there are far more governmental factors to blame than private ones like VC enterprises.
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