Radiology Business June 14, 2024
Two U.S. lawmakers have proposed a bill that would empower attorneys general and the Department of Justice to “claw back” ill-gotten gains from private equity-backed provider groups.
Democratic Sens. Ed Markey and Elizabeth Warren introduced the Corporate Crimes Against Health Care Act of 2024 on June 11. Their aim is to root out “corporate greed and private equity abuse” in medicine. Currently without Republican backing, the bill faces slim prospects of passing in a divided Senate.
Markey and Warren believe that “lax” corporate accountability and transparency laws have provided cover for PE to “plunder hospitals, nursing homes, provider practices and other healthcare entities with impunity.” The two senators cited Steward Health Care, which operates eight hospitals in Massachusetts, as an...
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