Tammy Baldwin: “Private equity is there to suck the profits out of things.”

“So for example, we have private equity now buying up healthcare systems and sort of having controlling influence there. Private equity is not set up to deliver really important life saving care to individuals. Private equity is there to suck the profits out of things. Right. I'm sorry, I'm a little crass here. No, no, it does. And then, you know, I was long aware of all the middlemen like the PBMs in the pharmaceutical industry.” (21:49–21:55)

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