Health Over Wealth Act

This bill would require for-profit companies that own or are affiliated with hospitals, doctor practices, nursing homes, and other health care providers to report detailed financial, ownership, staffing, and political spending information to the Department of Health and Human Services, which would make the data public. It would require private equity firms to get a federal license to invest in or buy health care entities, allow the license to be revoked with forced divestment, and limit sales or leases of health care property with real estate investment trusts. Hospitals in Medicare would have to give 90 days' notice before closing or cutting services, and some would have to submit plans to keep essential services available. The bill would also create a federal task force on private equity in health care, change bankruptcy rules for health care businesses, and change the tax treatment of rent from health care property received by real estate investment trusts.

Full text and official record on Congress.gov

Sponsors

• Edward J. Markey Democrat sponsor
• 7 cosponsors