U.S. Sen. Elizabeth Warren introduced legislation Tuesday morning aimed at warding off future cases of"corporate greed" in the health care landscape, like the kind thatStanding across the street from Steward's St.
That punishment would be for those who"loot health care entities like nursing homes and hospitals, if that looting results in a patient’s death," according to Warren's office. Legislators, patients and health care workers are wrestling with the results of financial management of Steward under the helm of. Steward sold the land its Massachusetts hospitals sat on in 2016, a transaction that has since saddled the system with massive debt as executives struggled to keep up with payments to the landlord, Medical Properties Trust, and to vendors.
Warren's proposal would authorize state attorneys general to claw back all compensation to private equity executives within a 10-year period, spanning before or after an acquired health care provider"experiences serious, avoidable financial difficulties due to that looting," according to her office. The bill also lays out more reporting requirements for health care providers that receive federal funding.
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