The healthcare industry is undoubtedly one of the most critical sectors of any economy. It plays a vital role in ensuring the well-being of a nation’s citizens, and the quality and accessibility of healthcare services can be a matter of life and death. In recent years, private equity firms have increasingly sought to invest in healthcare. Still, their presence in this industry has raised concerns about its potential dangers to patients and the healthcare system.

In a recent issue of JAMA Network Open, Aaron Kesselheim and colleagues published the results of a study showing that some of the most heavily advertised drugs are essentially no better at treating disease than other options. Almost two dozen complaints submitted to the FCC focused on the number of pharma ads on TV, with consumers arguing that there were “simply too many.”

The private healthcare industry is enormous, notoriously challenging to navigate, and making a lot of money at the expense of the public. The industry enjoys massive profits, often by undermining public programs and exploiting patents, whose ruthless pursuit of money usually has life-threatening consequences. It maybe time to end for-profit healthcare.