WASHINGTON, March 23 -- Sen. Chris Murphy issued the following press release:
U.S. Senators Chris Murphy (D-Conn.) and U.S. Representative Mary Gay Scanlon (D-Pa.-5) on Monday introduced the Take Back Our Hospitals Act (https://www.murphy.senate.gov/imo/media/doc/the_take_back_our_hospitals_act1.pdf), a bill to effectively ban private equity ownership of hospitals and nursing homes by making them ineligible to receive Medicare funding. U.S. U.S. Senators Richard Blumenthal (D-Conn.) and Jeff Merkley (D-Ore.) co-sponsored the legislation in the Senate.
More than 400 hospitals and nursing homes are currently owned and operated by private equity firms, despite overwhelming research revealing disastrous outcomes for patients and workers. Afte...