Private equity snaps up disability services, challenging regulators

If we want private ownership of this infrastructure it has to look more like either a utility, where the state has a direct say in service changes and pricing, or a partnership, where unlimited liability flows through to the owners. I’m a fan of the latter.

Limited liability was an amazing invention. But it’s not appropriate for healthcare. Turn these services into partnerships and you’ll see the give-a-shit factor quintuple overnight. (You’ll also probably see a reduction in leverage.)

When you take care of sick or disabled people, bad outcomes, even death, can come along with that. Nobody in their right mind is going to form a health care partnership with unlimited personal exposure to liability unless that is strictly limited to actual losses in cases of proven negligence.