Lina Khan, former Federal Trade Commission chair, is poised to play a significant role in New York City under Mayor-elect Zohran Mamdani. Her appointment on his transition team is seen as a warning to private equity firms that have been accused of monopolizing local healthcare industries and raising rents.
Private equity's aggressive business model, known as "roll-ups," involves acquiring multiple small firms and rolling them into one larger entity, giving it significant power over prices and quality. This practice has been linked to worse health outcomes, including death. Khan's work at the FTC aimed to scrutinize this practice and bring multiple suits against private equity and big tech monopolies.
While Khan's appointment may not be directly impactful in regulating roll-ups, experts believe she will use her influence as a member of Mamdani's transition team to push for greater transparency and accountability from private equity firms. One key area is disclosure: private equity firms often avoid disclosing acquisitions below a certain threshold, making it difficult for consumers to know who owns their healthcare providers.
New York City already has a robust public hospital system, which could provide a strong counterweight to private equity's influence. Additionally, Mamdani's campaign centered around making rent more affordable, and Khan's appointment is seen as directed at private equity landlords.
Loren Adler, an expert at the Brookings Institution, notes that while municipal power may be limited, there are ways for cities like New York to force transparency and create competition for private equity firms. This could include strengthening public hospital systems and resisting contracting with private equity firms for services.
For private equity firms operating in New York, Khan's appointment on Mamdani's transition team is a clear warning that their aggressive tactics will no longer be tolerated. As Kenney notes, "once you get the FTC investigating, you become more careful." With Khan on board, it's likely that New York City will take a harder line against private equity firms and prioritize the needs of local residents over profits.
Private equity's aggressive business model, known as "roll-ups," involves acquiring multiple small firms and rolling them into one larger entity, giving it significant power over prices and quality. This practice has been linked to worse health outcomes, including death. Khan's work at the FTC aimed to scrutinize this practice and bring multiple suits against private equity and big tech monopolies.
While Khan's appointment may not be directly impactful in regulating roll-ups, experts believe she will use her influence as a member of Mamdani's transition team to push for greater transparency and accountability from private equity firms. One key area is disclosure: private equity firms often avoid disclosing acquisitions below a certain threshold, making it difficult for consumers to know who owns their healthcare providers.
New York City already has a robust public hospital system, which could provide a strong counterweight to private equity's influence. Additionally, Mamdani's campaign centered around making rent more affordable, and Khan's appointment is seen as directed at private equity landlords.
Loren Adler, an expert at the Brookings Institution, notes that while municipal power may be limited, there are ways for cities like New York to force transparency and create competition for private equity firms. This could include strengthening public hospital systems and resisting contracting with private equity firms for services.
For private equity firms operating in New York, Khan's appointment on Mamdani's transition team is a clear warning that their aggressive tactics will no longer be tolerated. As Kenney notes, "once you get the FTC investigating, you become more careful." With Khan on board, it's likely that New York City will take a harder line against private equity firms and prioritize the needs of local residents over profits.
The way private equity firms are just taking advantage of us is not cool, especially when it comes to healthcare 
Lina Khan's appointment to Mayor-elect Zohran Mamdani's transition team is like a shot across the bow, reminding them that their aggressive tactics won't fly anymore 
We need more transparency and accountability in this industry, so people can actually know who's behind their healthcare providers 
This is a huge win for NY city folks! I mean think about it, Lina Khan's on Zohran's team now so expect some major changes in the private equity game around here 
. They've been getting away with monopolizing healthcare industries and screwing over people with their roll-up strategy...not cool 
. Now, with her on board, we're gonna see some real transparency & accountability from those firms 
. Disclosure is key - it's crazy they don't have to disclose acquisitions below a certain threshold 
. NY city already has a strong public hospital system which will help counterbalance private equity's influence 
. Can't wait to see how things play out! 
. I mean, have you seen the prices of healthcare services lately? It's outrageous! 
. She's gonna make sure those firms can't just roll up and crush small businesses for profits 
. And disclosure? That's like, basic transparency 
. I'm all for it! 
It's about time someone takes on these monsters and prioritizes people over profits 
. New York City is already rocking a solid public hospital system, so it's only natural they'd take aim at private equity landlords 
. Bring it on! 
. Lina Khan's track record at the FTC makes her a powerful force in pushing back against monopolies and aggressive business practices like roll-ups. NYC already has a solid public hospital system, so it's about time they leverage that as a counterbalance to private equity's influence.
but let's be real, it's not just about transparency, it's about power dynamics. Private equity firms have been exploiting local healthcare industries and pushing up rents, and now Khan's team is gonna push back against that. 
this is like, a classic case of "the fox guarding the henhouse" – private equity firms got caught with their hands in the cookie jar, and now they gotta answer to the people. 
So like, Lina Khan joining Mayor-elect Zohran Mamdani's team is already sending a chill down the spines of private equity firms. They're not used to being kept in check, and Khan's got some major ammo from her time at the FTC. The fact that NYC has a solid public hospital system could be like, a game-changer for them – it'll make it harder for these big firms to swoop in and dominate the market.
And now, New York City is basically saying: "Hey, we're watching you, private equity. We won't let you game the system anymore." Bring it on! 
i'm so down for this shift towards making rent more affordable & putting ppl over profits in nyc! 
. this is definitely a sign of things changing around here 
. She's been all about taking down those private equity giants who are screwing over locals with their monopolistic practices 
. Khan's got some serious skills, and I'm here for her bringing transparency and accountability to the table 
. It's not just about NYC either; this is a national issue that needs some serious attention 
.
I mean, we all know what's up with private equity firms and how they're exploiting people for profit 
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. With public hospitals already in place, NYC can counterbalance the influence of private equity, and we might just see some real progress in making healthcare more accessible and affordable for everyone 
she's like a superhero for affordable healthcare & transparency! i'm so hyped to see her bring down those private equity firms that are screwing over ppl with their roll-up tactics 
it's about time someone gave them a hard time about their shady business practices 
gotta support the city in taking on private equity & prioritizing ppl over profits