Federal Bill Takes Aim at Private Equity’s Role in Healthcare
Medscape Medical News reports that Senator Elizabeth Warren and colleagues have introduced the Stop Corporate Takeovers of Physicians Act, modeled on Oregon's law. The proposed bill would generally require practices to be majority-owned and governed by practicing clinicians, give existing arrangements 1 year to comply, and limit noncompetes. The article notes its chances are slim while Republicans control Congress.
Why it matters: Relevant to owners of independent practices with private equity backing or management-company contracts, and to leaders tracking state and federal practice-ownership rules.