Private equity in health care becomes a bigger Washington target

private equity's influence in health carefor private equity deals, even as growing data suggest its ownership of hospitals and physician groups has led to reduced staffing levels and worse patient outcomes.Parallel investigations by three Senate committees are focused on the industry's growing influence on hospitals, emergency care and opioid treatment.

It also includes a slew of new transparency requirements for health care entities owned by private equity firms. Plans to bestow major new federal government power over business transactions is likely to raise red flags for Republicans. Senate health committee Chair Bernie Sanders isn't committing to holding hearings on the plan.

"We expect to continue seeing actions here, particularly in the run-up to the election," Raymond James analyst Chris Meekins wrote in a note.The private equity industry is expected to vigorously fight back. The American Investment Council told Axios last week that "headline-seeking politicians continue to place misguided blame on our industry instead of pursuing sound policymaking to address systemic challenges head-on.

Source: News Formal (newsformal.com)

Competition Opioid Addiction Federal Trade Commission (FTC) Hospitals Physicians Department Of Health And Human Services (HHS)

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