The Massachusetts Senate approved a bill aimed at addressing issues raised by Steward Health Care’s plan to sell off all its hospitals after filing for bankruptcy. The bill focuses on safeguarding the healthcare system by prioritizing patient needs and increasing oversight of major healthcare players. It includes provisions to limit debt taken on by providers with private equity involvement, update programs to constrain costs, and require more transparency from for-profit healthcare companies. The House has also approved a version of the bill, and both chambers will work on a compromise bill for the governor to sign. Meanwhile, questions about the future of Steward Health Care-owned hospitals remain as the company plans to sell off its properties. U.S. Senators Markey and Sanders plan to subpoena Steward’s CEO, Dr. Ralph de la Torre, citing concerns about private equity practices in the healthcare industry. Steward Health Care did not immediately respond to requests for comment. The passage of this bill marks a significant step towards addressing the challenges facing the healthcare system in Massachusetts and ensuring that patient needs remain at the forefront of decision-making.
Source
Photo credit www.boston.com