Politico October 15, 2024
Driving the Day
STATE OF PRIVATE EQUITY REFORM — Despite a push in Congress and several state legislatures this year to blunt the impact of private equity in health care, the momentum appears to have been stymied for now.
Virtually no laws are likely to be enacted this year in state houses, and the same is expected in Congress. In the wake of hospital chain Steward Health Care’s bankruptcy in May, progressives like Sen. Elizabeth Warren (D-Mass.) and Rep. Pramila Jayapal (D-Wash.) pushed new legislation recently to boost transparency about hospitals’ private equity investors and put them on the hook for the debt of the companies they hold. Others haven’t advanced.
Most recently, California Gov. Gavin Newsom, a Democrat, vetoed...
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