Local Spotlight: The Role Of Private Equity In For-Profit Health Care

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4.4 • 4.3K Ratings

🗓️ 23 October 2024

⏱️ 38 minutes

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Summary

U.S. health care has a reputation for costing a pretty penny – and making one, too.

So, when the country's largest for-profit health care system – Steward Health Care in Dallas, Texas – filed for bankruptcy in May, alarm bells sounded.

In September, CEO Ralph de la Torre was subpoenaed to testify about it in front of the U.S. Senate Health, Education, Labor and Pensions committee.

For the latest installment of our Local Spotlight series, we highlight the work of The Boston Globe's Spotlight team reporting on Steward Health Care.

We discuss how a for-profit health care system goes from the largest in its field to left with nothing how that affected the communities it served.

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Transcript

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0:00.0	I'm Rachel Martin host of NPR's Wild Card podcast. I'm the kind of person who wants to skip the small talk and get right to the things that matter.
0:07.3	That's why I invite famous guests like Ted Dance in Jeff Goldblum and ESA Ray to skip the surface stuff.
0:13.4	We talk about what gives their lives meaning,
0:15.5	the beliefs that shape their worldview,
0:17.4	the moments of joy that keep them going.
0:19.8	Follow Wild Card, wherever you get your podcast,
0:22.1	only from NPR. U.S. Healthcare has a reputation for costing a pretty penny and making one too.
0:37.0	So in the country's largest for-profit health care system, Stewart Healthcare,
0:40.4	filed for bankruptcy in May, alarm bell sounded. In September, CEO Ralph
0:45.5	Delatori was subpoenaed to testify about it in front of the U.S. Senate Health, Education,
0:50.1	Labor, and Pensions Committee. Here's Senator Bernie Sanders who leads that committee.
0:54.0	Our first witness is Dr Delatori. But as I think everybody can see, Dr Delatore is not here.
1:05.0	Delatore didn't show this month he resigned.
1:08.0	What led up to this moment?
1:10.0	How does a for-profit health care system go from being the largest in its field to filing bankruptcy,
1:15.3	and most importantly, how did that affect the communities had served?
1:18.4	For this installment of our Local Spotlight series, we're highlighting work from the Spotlight team at the Boston Globe. Local
1:24.7	spotlight is when we hear from some of the country's best investigative journalists and dig
1:29.0	deeper into their work. I'm Jen White. You're listening to the 1A podcast where we get to you by the UK Government.
1:46.0	It's time to make your UK Visa Digital.
1:49.0	If you have a BRP card that expires on the 31st of December 2024 or a Stample vignette
1:56.2	sticker in your passport, you should change to an e-visa now.
	...

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