How to Money · Wednesday, September 23, 2026
Dr. Jordan Grumet argues that the US healthcare system is failing individuals and healthcare providers because of the overwhelming influence of corporate interests like insurance companies, pharmaceutical firms, and private equity. These entities prioritize profit over patient care, leading to escalating costs and reduced access for Americans, while doctors themselves are also becoming "pawns to the system."
“Well, it is working really well for corporate America. And so if you look, there are corporations... and private companies that are doing exceedingly well. I'm talking about the health insurance industry. I'm talking about the pharmaceutical companies. I'm talking about the electronic medical records companies. I'm talking about private equity and venture capital in general. And I'm also talking about the medical malpractice industry.”
“When you look, you see all of these companies are more profitable than ever because the cost of our healthcare is spiraling, but it's not because healthcare itself is that expensive to deliver. It's that we have these third parties that are literally putting their hands in the cookie jar, grabbing all the money, and stealing it from doctors and patients alike.”
“What people don't realize is the doctors are just as much pawns to the system as the patients are.”