An advocacy group is lobbying the Biden administration and Congress to use all available means to curb private equity’s growing influence in health care, Medical Economics reports.
Americans for Financial Reform Education Fund wants government officials to take action to slow what it dubs as “the increasingly harmful effects” or private equity’s control of massive swaths of the health care sector. The group has published a report that provides a detailed analysis of the growth of leveraged buyouts in health care, resulting in degraded patient care, immense pressure on physicians and nurses, and financially distressed companies, due to private equity’s debt-driven model. Read more.
