Radiology Business July 30, 2024
Members of Congress have introduced a bill aimed at reining in private equity ownership of physician practices and other healthcare entities.
Senator Edward J. Markey, D-Mass., and Rep. Pramila Jayapal, D-Wash., announced their Health Over Wealth Act on July 25, with backing from several others. The bill would require that PE-owned practices publicly report their debt load, executive pay, lobbying activities, healthcare costs and service reductions.
Markey and colleagues also want to force these firms to obtain a license from HHS to invest in healthcare entities. If a PE group were to price gouge, understaff or reduce access to care after an acquisition, the administration would have the ability to revoke their license and force divestiture.
Massachusetts’ junior senator has...
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