May 262023

The US hospice system is supposed to provide compassionate end-of-life care. But private equity firms have swallowed up the industry: 7 out of 10 hospice agencies are now for-profit, putting profit maximization over patient well-being.
In recent years, private equity has exploited both fragmentation in the hospice sector and gaping holes in oversight left by federal agencies. (Justin Paget / DigitalVision via Getty Images) Though the majority of Americans spend the final weeks of their lives in hospice care, the United States only got its first hospice, the Connecticut Hospice, in 1974. Today, just under a half century later, over 5,500 hospices provide services for the dying; in 2020, 1.72 million…

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