July 18, 2019
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14:48Now PlayingIn this Majority Report clip, David Dayen joins us at Netroots Nation to talk about the latest private equity/vulture capitalist scam.
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"On Thursday, thousands of union workers and community members are expected to rally against the decision of private-equity tycoon Joel Freedman to close Philadelphia’s 171-year-old Hahnemann University Hospital. Workers and community members are accusing Freedman of closing a vital medical center for the poor in order to sell the prime real estate to build luxury condos and hotels.
The closure of the hospital means that more than 2,500 union workers will be thrown out of work and tens of thousands of mostly poor Philadelphians, who rely on the hospital for primary care, will see their lives upturned as they search for other options. Nearly half of the residents who use Hahnemann are on Medicaid and two-thirds are black and Latino, according to The Philadelphia Inquirer.
The hospital is expected to close in August, but already the decision to close its emergency room has sent panic throughout Philadelphia."*
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