This Week Health
SOAR 2024 Bluebird Leaders This Week HealthAlex's Lemonade Stand This Week Health
SUBSCRIBE NOW to receive top 7 stories daily to your inbox
<--  All Stories

Proposed legislation hopes to remove healthcare 'corporate greed': 7 things to know

June 13, 2024
Becker's Hospital Review
Summary
Massachusetts Senators Elizabeth Warren and Ed Markey have introduced the Corporate Crimes Against Health Care Act of 2024 to combat what they describe as "corporate greed and private equity abuse" in the healthcare sector. The proposed legislation aims to hold private equity executives criminally and financially accountable for actions that harm healthcare organizations, such as hospitals and nursing homes, and result in patient deaths. Key provisions include criminal penalties of up to six years in prison, a clawback of compensation from executives up to ten years before or after financial woes, substantial civil penalties, and additional reporting requirements for healthcare providers receiving federal funding. The act also seeks to limit federal health program payments and repeal certain tax benefits for Real Estate Investment Trusts (REITs). The legislation responds to notable cases like the bankruptcy of Steward Health Care, aiming to prevent similar corporate mismanagement in the future.
Transform Healthcare - One Connection at a Time

© Copyright 2024 Health Lyrics All rights reserved