Corporate Crimes Against Health Care Act

This bill would make it a federal crime for owners, executives, private funds, and others tied to a health care company bought in a change-of-control deal to contribute to events such as closure, bankruptcy, missed pay, or loan default that lead to patient death or injury, with prison of 1 to 6 years and civil fines. It would let federal and state attorneys general take back pay, fees, and profits these parties received from the company in the 10 years before or after such an event, with recovered money going to workers and community health needs. It would bar from federal health programs those who sell assets to, or newly pledge assets as loan collateral with, a real estate investment trust, and would change tax rules for these trusts. It would also require hospitals, health systems, and other health providers to report ownership, debt, and finances each year to the Department of Health and Human Services, which would post the information online, and it orders a study of profit-driven practices in health care.

Full text and official record on Congress.gov

Sponsors

• Elizabeth Warren Democrat sponsor
• 4 cosponsors