At buzzy health care business conference, investors fear the bubble will burst

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JPMorgan's cheery confab returned to San Francisco, but the health care capitalists had economic anxiety, too.

The Westin St. Francis San Francisco on Union Square hotel hosted this year's JPMorgan Healthcare Conference — the first since the onset of the coronavirus pandemic. The Westin St. Francis San Francisco on Union Square hotel hosted this year's JPMorgan Healthcare Conference — the first since the onset of the coronavirus pandemic. annual health care confab, at the gilded Westin St. Francis hotel on Union Square.

The buzzy conference had just as many words about profits as about patients. The mostly maskless crowd spoke English, French, Japanese — and, of course, money.Besides the corporate and investment types, attendees routinely saw surprising characters — like celebrity doctor Mehmet Oz, fresh off his Senate loss, holding court in the lobby on Jan. 10.

The conference started with a sidewalk protest of pharmaceutical company Gilead Sciences, whose drugs combating HIV and hepatitis C are fabulously effective — and fabulously expensive. During the pandemic, Congress for the first time has set up a plan to allow Medicare to negotiate U.S. drug prices, which are by far the highest in the world. In a statement, company spokesperson

 

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Hate to see rich people tinged 😩

Thanks to JP Morgan for highlighting that corporate-provided, profit-driven healthcare is a perfect example of why we need Universal Healthcare in our Country. Medicare works! Medicare for All will work for all Americans!

Isn’t “economic anxiety” just the urge to say racist stuff?

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