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Elizabeth Warren
@elizabethwarren· Democratic · MA· Apr 3, 2024

We have failed to step up and change the law to protect the delivery of health care system in America.

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Ed Markey
@edmarkey· Democratic · MA· Apr 3, 2024

Can we really have accountability of corporate greed without greater transparency in this one sector, the health care sector, that affects every family in our Country?

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Ed Markey
@edmarkey· Democratic · MA· Apr 3, 2024

Thank you. And, Dr. Stinson, could you expand on how these for profit hospitals interfere in-- operationally with the delivery of equity and justice, especially for Black and Brown and immigrant communities that are most in need of health…

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Ed Markey
@edmarkey· Democratic · MA· Apr 3, 2024

Federal and state regulators should think once and think twice, and think three times, before they let another corporate investor suck more money out of the Steward system.

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Ed Markey
@edmarkey· Democratic · MA· Apr 3, 2024

We have to protect it against the predators who are looking at this, our health care system as just another way of making themselves more wealthy.

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Elizabeth Warren
@elizabethwarren· Democratic · MA· Apr 3, 2024

We need these hospitals, and we need them to be open and functioning, and functioning at a high level.

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Elizabeth Warren
@elizabethwarren· Democratic · MA· Apr 3, 2024

The Stop Wall Street Looting Act's joint liability provisions would create actual accountability for that kind of corporate profiteering.

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Ed Markey
@edmarkey· Democratic · MA· Apr 3, 2024

Together, we will guarantee every American a health care system, not a wealth care system.

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Ed Markey
@edmarkey· Democratic · MA· Apr 3, 2024

Thank you so much for your--thank you so much for your testimony.

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Ed Markey
@edmarkey· Democratic · MA· Apr 3, 2024

Yes. And I think that no resounds throughout the room in terms of this balance of power at the corporate boards.

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Ed Markey
@edmarkey· Democratic · MA· Apr 3, 2024

We should forbid the typical private equity approach of loading health care organizations with debt, extracting capital, and leaving stripped down organizations in bankruptcy or worse.

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Ed Markey
@edmarkey· Democratic · MA· Apr 3, 2024

I commend Senator Warren for her proposed 'Stop Wall Street Looting Act,' which would close many of the loopholes used by the private equity players.

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Ed Markey
@edmarkey· Democratic · MA· Apr 3, 2024

Thank you, Senator Markey, for stepping up to champion the state-based Universal Health Care Act, SBUHCA.

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Ed Markey
@edmarkey· Democratic · MA· Apr 3, 2024

If that courage were available--and I think you see it in this room in Senator Markey and Senator Warren--then we know at least where to begin to prevent other Steward-like disasters.

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Elizabeth Warren
@elizabethwarren· Democratic · MA· Apr 3, 2024

The blame for this crisis falls squarely on the private equity firm that bought the hospitals and stripped their assets.

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Ed Markey
@edmarkey· Democratic · MA· Apr 3, 2024

Thank you so much for your--thank you so much for your testimony.

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Ed Markey
@edmarkey· Democratic · MA· Apr 3, 2024

They kept the State of Massachusetts in the dark. They refused to provide the information necessary for the state to be able to make a determination as to the financial condition of Steward.

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Ed Markey
@edmarkey· Democratic · MA· Apr 3, 2024

Can we really have accountability of corporate greed without greater transparency in this one sector, the health care sector, that affects every family in our Country?

congress.gov