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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: sutton   😊 😞
Number: of 15055 
Subject: Re: Coat tails 1: Davita, DVA
Date: 08/27/2024 10:42 PM
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...what do other people think.
Is it in the too hard pile? The too smelly pile?


Too smelly.

I would just stop there.

Hospitals, clinics, providers (obviously) need to purchase supplies from commercial for-profit concerns, but there is a line.

That line is crossed when the for-profit corporations *acquire* the hospitals and clinics. (In the US, they cannot acquire the providers per se, as there is a restriction of the corporate practice of medicine. But they can (and do) acquire the front office, the back office, the provider reimbursement schedule and incentives...paging Dr Hobson, you need to make a choice)

When that happens, patient care suffers. Always. (The same thing happens when a large nonprofit forgets itself: https://www.nytimes.com/2022/09/24/business/nonpro... (gift, ungated)

I would not choose to be complicit, any more than I would buy MO (which Messrs Buffett and Munger also refused to buy)

- sutton
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