Massachusetts Senators Elizabeth Warren and Ed Markey have introduced new legislation aimed at preventing private equity executives from driving hospitals into bankruptcy. The proposed bill, named the 'Corporate Crimes Against Health Care Act,' seeks to impose prison time for corporate looting and greed in the health care sector. This move comes in response to the recent crisis involving Steward Health Care, which has raised concerns about the impact of private equity on patient care and community health. The legislation, introduced on Tuesday, is designed to hold corporate executives accountable for actions that jeopardize the financial stability of health care institutions and the well-being of patients.
Elizabeth Warren just introduced a bill making private equity looting of health care systems a crime. It's called the "Corporate Crimes Against Health Care Act." https://t.co/82Fi6v5xCh
Massachusetts Sens. Elizabeth Warren and Ed Markey, both Democrats, introduced legislation Tuesday that would result in prison time for violators of "corporate greed" in health care. Read more in our #MorningBriefing: https://t.co/H21hh6UI8q https://t.co/UPuwBj6Oyb
Sens. Warren, Markey propose bill that would lead to prison time for 'corporate greed' in health care https://t.co/wOxgW0XZRZ
In wake of Steward crisis, Sen. Warren seeks prison time for corporate ‘looting’ in health care https://t.co/dVtLxoXqCM
Today I'm introducing new legislation to prevent what happened with Steward Health Care from happening again. If private equity executives drive a hospital like Steward into bankruptcy, putting patients & communities at risk, there should be consequences. https://t.co/eRw7LD9UNk