FOR PROFIT HEALTH CARE SUCKS!
STEWARD CONTINUES TO PROVE IT!
Steward Health Care Completes Acquisition of Five South Florida Hospitals Bringing Physician-Led Care To More Communities In The Region - En Español A Continuación
August 2, 2021
Innovator in coordinated, compassionate care, Steward is ready to tackle COVID-19 surge and bring high-quality healthcare to the many diverse communities in South Florida
https://www.steward.org/newsroom/2021-08-02/steward-health-care-completes-acquisition-five-south-florida-hospitals-bringing
UNDER CONSTRUCTION - MOVED TO MIDDLEBORO REVIEW AND SO ON https://middlebororeviewandsoon.blogspot.com/
Thursday, February 22, 2024
FOR PROFIT HEALTH CARE SUCKS!
Gov. Healey gives Steward its marching orders
This is the mindless reporting from MASSterlist
Reported elsewhere - the closing of QUINCY HOSPITAL left 70,000 without health care as well as healthcare workers abandoned.
HE DOES, IN FACT, OWN 2 $40 MILLION YACHTS!
From MASSterlist
Looks like Steward CEO Ralph de la Torre has made the governor's naughty list.
After "many months of discussion" about the fiscally flailing hospital system, Gov. Maura Healey took pen to paper on Tuesday to demand de la Torre clue the state in on the details of their financial peril, and prepare a plan to transfer the system's seven running for-profit hospitals to another operator "as soon as possible."
"You have refused to comply with the court order and continued to delay and obfuscate," Healey wrote to de la Torre, referencing a prior push to get the system to hand over some financial information. "During that time, there have been reports of mismanagement, unpaid vendors, legally questionable practices and exorbitant profits for your equity partners and yourself, all while your hospitals continued to struggle financially."
That makes two of the Beacon Hill "Big Three" that have strongly rebuked the Steward Health Care operator in the past month.
House Speaker Ron Mariano still seems miffed over the closing of Steward-operated Quincy Medical Center in 2014, which left Quincy as the largest city in New England without a hospital.
"I've been dealing with Ralph for a long time and I am suspect of everything he tells me," Mariano said of de la Torre last week.
Steward, for its part, contends that it in fact provided "audited financial documentation" to state regulators late last year and early this year, and that it wants to work "cooperatively with the Governor on a solution we all agree must be found to guarantee continuity of care for more than one million patients in the vulnerable communities we serve throughout the Commonwealth."
Should any of the system's facilities fail to provide proper staffing and supplies, Healey warned the state will take "all actions necessary" — potentially including pausing admissions, canceling procedures or shuttering beds.
And while de la Torre is facing the heat, at least he reportedly has a $40 million yacht where he can kick up his feet. — Sam Drysdale
Wednesday, February 21, 2024
POLITICO Nightly: Nikki Haley’s long game
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The Final Lesson Donald Trump Never Learned From Roy Cohn
The Final Lesson Donald Trump Never Learned From Roy Cohn
The unrepentant political hitman who taught a younger Trump how to flout the rules didn’t get away with it forever.
https://www.politico.com/magazine/story/2019/09/19/roy-cohn-donald-trump-documentary-228144/
Prominent election deniers are facing growing legal trouble
FOX NEWS = FAKE NEWS LIARS settled with DOMINION for $787 MILLION for their election lies and lawsuits now pending from SMARTMATIC....also against the other right wing LIARS like OAN, NEWSMAX....
"R" voters aare conspicuously uninformed, refuse to inform themselves and ignore FACTS...
The poster child for the perils of dynastic wealth
The poster child for the perils of dynastic wealthFour generations of Mellons are now bankrolling Trump
Friends, If Donald Trump takes power this November, he’ll owe his victory in no small part to one of the richest Americans alive — in 1920. I’m talking about the Pittsburgh banker and industrialist Andrew Mellon, who as treasury secretary for Warren G. Harding, Calvin Coolidge, and Herbert Hoover, changed the U.S. tax code in ways that allowed — more than a century later — part of his personal fortune to bankroll Donald Trump’s reelection campaign. Andrew’s grandson, Timothy has so far contributed $20 million to Trump’s MAGA Inc. super PAC. Since 2018, Timothy Mellon has also donated $30 million to the House Republicans’ super PAC for electing Republicans to the House. In 2020, he gave $30 million to the Senate Republicans’ super PAC. Timothy has so far donated $15 million to Robert F. Kennedy Junior’s super PAC — showing just how important RFK Junior’s candidacy is to Trump’s strategy of siphoning votes from Biden. Timothy is also responsible for nearly all the donations to Texas Governor Greg Abbott’s $54 million border wall fund. Forbes estimated Timothy Mellon to be worth almost $1 billion in 2014, and in 2024, the magazine estimated the Mellon family was worth $14.1 billion. But Timothy didn’t earn his money. He inherited it. The money trail spans four generations. It began with Thomas Mellon, who started his own bank in Pittsburgh in 1869. Thomas’s bank attracted the deposits of robber barons like Andrew Carnegie and Henry Frick, and within a relatively short time it became the largest private bank between New York and Chicago. [Thomas Mellon: Generation #1 of the Mellon dynasty] Steeped in social Darwinism, Thomas Mellon promoted suicide as decency: If criminals were sufficiently public‐spirited, he argued, they would “manfully rid the world of their presence, and society of the expense and trouble of their trial and punishment.” Thomas viewed the acquisition of wealth as a mark of merit and poverty as a failure of character. Thomas wrote in his autobiography that voting rights were responsible for many of society’s ills, driving higher spending, borrowing, and taxes. After the Civil War, Thomas toured the South, where he was disgusted to see Louisiana’s Legislature captured by what he called “stolid, stupid, rude and awkward field negroes, lolling on the seats or crunching peanuts.” He wrote that these representatives were puppets of white Northerners who were using “corrupt schemes to rob the property owners and taxpayers.” Thomas brought his two sons, Andrew and Richard B., into the banking business. Then, in partnership with Henry Frick, Andrew and Richard organized a new bank — the Union Trust Company — which became even more successful. [Andrew Mellon: Generation #2 of the Mellon dynasty] Andrew knew how to use his wealth for political advantage. He supplied such a large portion of the campaign dollars that helped Warren G. Harding become president in 1920 that Harding made Andrew secretary of the treasury. Andrew held the position for the next 11 years, from 1921 to 1932 — longer than anyone in the history of the country (or as Nebraska Senator George Norris once acidly put it, “three presidents served under Mellon”). Andrew was intent on cutting taxes. He was an early prophet of “trickle-down” economics, arguing that lowering taxes on companies and the wealthiest would spur investment that would lead to prosperity for the nation. “Taxes which are inherently excessive are not paid,” Andrew wrote in a book on taxation published while he was treasury secretary. Andrew especially hated the estate tax. “The social necessity for breaking up large fortunes in this country does not exist,” he wrote. Andrew ended up cutting the estate tax by half. He also whittled down the top income tax rate from 73 percent to 25 percent and eliminated the gift tax. These changes enabled Andrew to shift much of his personal fortune — estimated to be $600 million, or about $9 billion today — tax-free to his heirs. Andrew was still treasury secretary when the Great Depression hit, ending his public career in disgrace. Franklin D. Roosevelt’s New Deal turned Andrew’s tax policies upside down. Under FDR, whom one biographer hailed as a “traitor to his class,” the top income tax rates went as high as 94 percent to raise funds for World War II. The tax on the largest estates rose to 77 percent. But the Mellon fortune survived notwithstanding. In 1957, Fortune magazine ranked four Mellon heirs among America’s eight richest individuals. [Paul Mellon: Generation #3 of the Mellon dynasty] Paul Mellon, Timothy’s father and the scion of Mellon Generation #3, is best remembered as a philanthropist and breeder of horses. As he wrote in his autobiography, aptly titled Reflections in a Silver Spoon, “I have been an amateur in every phase of my life … and I can honestly say that I’ve thoroughly enjoyed all the roles I have played.” Thence came Timothy Mellon — the fourth generation, and the Trump reelection campaign’s top benefactor. [Timothy Mellon, Generation #4 of the Mellon dynasty] Like his forebears (and like Donald Trump), Timothy Mellon rages against only handouts that go to those born without silver spoons. In his self-published 2015 autobiography, Timothy argued that expanded social programs have only made Black people “even more belligerent.”
Timothy Mellon — and the tens of millions he is shelling out to Trump, RFK Junior, and Republican candidates for the Senate and House — is the product of a tax system pioneered by his grandfather that allows the perpetuation of dynastic wealth and the maintenance of its political power. The Mellon money trail exemplifies the perils of dynastic wealth — and why we need a wealth tax in America. Or the capital gains tax must be applied to the appreciated value of assets held during someone’s life, before they die and hand them off to their heirs at current market value. When he was a Virginia legislator, Thomas Jefferson sought legal ways to prevent the perpetuation of great fortunes, fearing the rise of an American “aristocracy of wealth,” which, Jefferson believed, posed more “harm and danger, than benefit, to society.” The wealth and power extending from Thomas to Andrew to Paul to Timothy Mellon proves Jefferson exactly right. |
Top News | 'He’s Not Going to Run Unopposed': Sanders Rejects Schumer for Majority Leader
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