There are different risks to hospital birth vs. a homebirth. I can't imagine anyone who homebirths who isn't aware of this. Yes, you can lose a baby in a homebirth. You can also lose a baby in a hospital due to risks inherent with hospital policies. In rare instances, a c/s may have been a life-saving measure had the birth been in a hospital. If you are looking at the broader picture, there are women who give birth in a hospital via unnecessary c/s and have babies that experience respiratory distress or other negative outcomes (death, etc.) as a result of unnecessary surgery. There are rare cases where being in the hospital could have been life-saving, but there are also cases where the very act of being in a hospital and adhering to hospital policies caused poor outcomes.
There will be cases where perhaps electronic fetal monitoring might have clued in someone that there was a problem. But the overall research shows routine EFM does not improve outcomes. It does increase the c/s rate, which comes with its own set of risks. So yes, anecdotally there will be cases where EFM might have been beneficial, but on a population level, it also *creates* problems. Fwiw most homebirth midwives do intermittently monitor via fetoscope or doppler.
If a woman is rushed in for an unnecessary c/s, her physician isn't going to be exactly forthcoming about it ending up being unnecessary (false alarm due to EFM reading, failure to progress, etc.). There will be reasons offered up like "the cord was looped around the neck." That isn't to say that those types of events can't result in a problem, but something like 1/3 of babies have a cord looped around their neck. Most midwives unloop it as the baby is emerging. There are women all over the US who are convinced the cord being wrapped around their baby's neck means the baby certainly would have died w/o the c/s. Certainly there are times when it is a problem, but those are rare. With a 30-40% c/s rate in this country being deemed unacceptable (by the WHO, for example), clearly women are undergoing unnecessary c/s. However, if you speak to individual mothers, the vast majority have been told their baby would not have survived without the c/s. No physician is going to say..."well...your c/s was likely not necessary." Instead, reasons and justifications are offered up. Yes, there *are* legitimate reasons and necessary, life-saving c/s. However, a 30+% c/s rate means there *are* unnecessary c/s, and those come with risks.
What I don't see acknowledged often enough is that not only does c/s have risks to mom and baby's health (sometimes outweighed by true need, for sure!), but it also has an impact on the health of future babies carried by that mother. With VBAC hard to come by in many parts of the country, women are often forced into repeat Cs, with their own set of risks. There is a risk of rupture in a future pregnancy. So it isn't just the risk that the primary c/s confers, but the risk to that woman's future pregnancies, kwim?
Birth is messy and imperfect and has risks. There are a different set of risks to homebirth vs. a hospital birth. Both come with risk. If you look at the studies, homebirth is not "riskier" IMO. It is a different set of risks.
Some studies in the past have also tried to lump unplanned, unattended "homebirths" in with planned homebirths with a trained attendant. Clearly there are risks to not planning on a homebirth and giving birth at home without an attendant. Lumping them together is unfair. Similarly, lumping in homebirths taking place in an extremely rural area where one must drive an hour or two to a hospital vs. a homebirth occurring within a reasonable transfer of a hospital is somewhat misleading.
It has not been my experience at all that homebirths gone wrong are hush-hush.
I think there is obfuscation in hospital birth as well. Most women who are rushed in for an emergency C are given a "justification" of why it was necessary. If you look at the statistics, there is no justification for a 30+% c/s rate. Women never hear of the fact that perhaps it was a blip on the EFM and everyone got jumpy, or that the doc felt there was "failure to progress" and had she been given enough time, she would have been able to vaginally birth the baby. I absolutely believe there are life-saving C/s, but I don't believe c/s are without risks and I don't believe that there is a justification for 30+% of births being via c/s. I think hospitals participate in obfuscation. Who is told their c/s wasn't necessary? I'm not aware of too many women who have been informed that their c/s was not needed. If you look at the statistics, clearly there *are* unnecessary C/S (and WHO and other health organizations agree w/ this).
Typing with toddler underfoot.
eta: One other thing to think about. In 2006 there was a study looking at how evidence-based ACOG guidelines were. They looked at practice bulletins from 1998-2004 and presented their research at the 72nd Annual Meeting of Central Association for Obstetricians and Gynecologists. The conclusion? Only 29% of the American College of Obstetricians and Gynecologists recommendations are level A, based on good and consistent scientific evidence.
Level A defined by ACOG as: Based on good and consistent scientific evidence
It is available as a PDF file IIRC. American Journal of Obstetrics and Gynecology (2006) 194(6):1564-1572. I don't know if there has been a more recent look since that study. Abstract here: http://www.ajog.org/article/S0002-9378%2806%2900300-0/abstract and Jefferson has a good pdf file available online if you do a search for it.