Michael Smith, Health editor at the Australian Financial Review, discusses the looming crisis facing Healthscope, Australia’s second-largest private hospital operator. He highlights the complex battle between health insurers and private hospitals, exploring the financial struggles exacerbated by the pandemic. Smith addresses how private equity could disrupt healthcare infrastructure and the implications of potential ownership changes. With urgent calls for government intervention, he underscores the need for a balanced approach to sustain both public and private healthcare sectors.