States Tighten Oversight of Healthcare Practices
Several states are taking action to increase oversight of healthcare practices, particularly those involving private equity and corporate influence. This push aims to protect patients and ensure ethical medical operations.
Pennsylvania Passes Healthcare Oversight Bill
Pennsylvania lawmakers have approved a bill focused on overseeing healthcare practices influenced by private equity. This legislation aims to ensure that financial interests do not compromise patient care.
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Oregon Cracks Down on Corporate Medicine
Oregon is implementing new regulations to address the corporate practice of medicine. These rules aim to limit the control that non-physician entities have over medical decisions, especially those involving private equity-backed physician groups. The state is also addressing restrictive covenants, ensuring healthcare practitioners have more freedom.
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Healthcare spending in the United States is projected to reach nearly $7.2 trillion by 2025 (Centers for Medicare & Medicaid Services, 2023).
Additional State Actions
In addition to Oregon and Pennsylvania, other states are also considering similar measures. These legislative efforts often stem from concerns about the potential for profit-driven healthcare to negatively impact patient outcomes.
These regulatory efforts signal a broader trend towards increased scrutiny of healthcare business practices and a renewed focus on patient well-being.