Health Care’s New…. Luxury Hotel? Say What?

December 10, 2020

As we combed through research and articles about surprised billing, Wall Street’s continued takeover of our healthcare system, and COVID-19 price gouging, we stumbled upon a piece of news that still seems too baffling to be true.

Before we share, consider all we’ve learned over the past few months:

  1. Wall Street private equity firms are taking over more and more healthcare providers, and the results aren’t great. Higher costs. Worse care. Studies show exactly what you’d expect when profit becomes priority over patient care.
  2. It’s even linked to a shortage of ventilators and other equipment during the COVID-19 outbreak.
  3. Meanwhile, the same private equity firms taking over hospitals are making sure nobody fixes surprise medical bills. Surprise medical bills are one of the nation’s top health and economic problems. There’s bipartisan consensus that they’re a problem, and there is (was?) momentum to find a solution. Wall Street-owned healthcare is spending a fortune on lobbying and advertising to stop reforms patients need.

If you’ve been reading these reports and still aren’t convinced profiteering is eclipsing patient care in the healthcare space, here’s this new headline:

“Mayo Hits Pause on Luxury Hotel”

Say what?

It turns out, Mayo Clinic has plans for a posh new luxury hotel, built in partnership with a Singapore-based real estate titan. It’s delayed, but still planned and still slated to cost Mayo Clinic a cool $190 million.

No reports yet on which hotel giant will manage the facility, or what they’ll name it. Might we suggest: “The Surprise Billing Hotel and Spa”?

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