MedCity News June 17, 2024
Two senators recently introduced a bill that seeks to regulate private equity firms’ involvement in the healthcare industry. If passed, the act would establish a criminal penalty of up to six years in prison for private equity executives whose business decisions result in a patient’s death.
Last week, U.S. Senators Elizabeth Warren (D-Massachusetts) and Ed Markey (D-Massachusetts) introduced a bill that seeks to tackle corporate greed in the healthcare sector. The bill, called the Corporate Crimes Against Health Care Act of 2024, goes after private equity firms.
The nation’s private equity fund assets have more than doubled over the past 10 years, totaling $8.2 trillion last year. A recent report from the American Hospital Association shows that private equity firms...
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