Senators Elizabeth Warren and Ed Markey introduced the Corporate Crimes Against Health Care Act of 2024 to combat corporate greed in healthcare, focusing on private equity firms. The bill responds to concerns about private equity firms negatively impacting patient care quality and access. If passed, the act would establish criminal penalties for private equity executives whose decisions result in patient deaths, as well as clawbacks for executives causing financial difficulties at healthcare companies. The bill also aims to ban certain financial transactions and deductions related to private equity-backed healthcare organizations. The bill has support from groups seeking to prioritize patient outcomes over profits.
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If Passed, This New Bill Could Send PE Execs to Jail for Hospital Mismanagement
