Oregon Limits Corporate Control of Healthcare
New Law Aims to Prioritize Patient Care Over Profits
A landmark bill restricting corporate influence over medical practices has been signed into law in Oregon, marking the most comprehensive effort nationwide to safeguard healthcare from profit-driven decision-making. The legislation seeks to ensure doctors, not investors, guide patient care.
Sweeping Restrictions Enacted
Governor Tina Kotek officially signed the bill, establishing stringent regulations on how corporations can own and manage medical practices. The law limits non-physician ownership and aims to prevent interference in clinical decisions. It addresses concerns that corporate entities prioritize financial gains over patient well-being.
BREAKING: Governor Tina Kotek just signed into law the nation’s strictest limits on corporate influence in healthcare. This is a huge win for Oregon patients and doctors! 🩺💪 https://t.co/qJq9q9qJ9q
— Oregon Capital Chronicle (@OregonCC)
“This legislation is a critical step towards ensuring that healthcare decisions are made by medical professionals, not by corporate bottom lines.”
—Representative Rachel Prusak, Oregon State Legislature
According to a 2023 report by the Peterson-Kaiser Health System Tracker, private equity-backed healthcare facilities often demonstrate higher rates of aggressive billing practices and reduced staffing levels compared to non-profit counterparts. Peterson-Kaiser Health System Tracker
Concerns and Opposition
Opponents of the bill, including some healthcare industry groups, argued that the restrictions could limit access to capital and innovation within the healthcare system. They expressed fears that the law might discourage investment in rural or underserved areas. However, proponents maintain that patient care must remain the top priority.
The new law builds upon existing regulations and aims to address the growing trend of corporate consolidation within the healthcare industry. It is expected to face legal challenges, but supporters are confident that it will ultimately protect the integrity of medical practice in Oregon and serve as a model for other states.
