Legislation on Corporate Greed in Health Care
Massachusetts Sens. Elizabeth Warren and Ed Markey introduced legislation that would result in prison time for violators of 'corporate greed' in health care. The bill aims to hold health care executives accountable for endangering patient safety and access to health care.
Key Points
- Prevent incidents like Steward's financial struggles from happening again
- Impose criminal penalties on executives for looting health care entities
- Authorize clawback of compensation and require public reporting of financial data by health care providers
Pros
- Hold health care executives accountable for endangering patient safety and access to health care
- Create criminal penalties for executives who loot health care entities
Cons
- Potential controversy over the level of government intervention in the health care sector
- Possible pushback from private equity firms and executives