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

We need to hold these executives accountable. We need to rein in private equity's influence over the health care system.

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

Thank you for joining us today for the hearing, When Health Care Becomes Wealth Care, How Corporate Greed Puts Patient Care and Providers At Risk.

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

To be clear, I would forbid private equity firms from owning or controlling health care delivery.

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

So, Dr. Berwick, is there anything in the deal as reported so far that requires Steward to put that money back into the Massachusetts hospitals?

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

Throughout your career, you have worked to make government serve the common good.

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

How do they think they are going to make tens of millions, hundreds of millions of dollars in return on their investment?

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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

So, Dr. Berwick, is there anything in the deal as reported so far that requires Steward to put that money back into the Massachusetts hospitals?

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

We need accountability here, and law enforcement authorities should carefully review every aspect of this fiasco.

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

The Health Over Wealth Act would protect every patient and provider that private equity touches.

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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

It is long past time to make sure patient health comes before shareholder wealth in Massachusetts and across our Country.

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

When private equity gets hold of health care providers, it is literally a matter of life and death.

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

Thank you especially to my colleague and partner, Senator Warren, for all of her work on these issues.

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

Thank you for inviting me to testify at today's important hearing.

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Elizabeth Warren
@elizabethwarren· Democratic · MA· Apr 2, 2024

Private equity should not be allowed to loot one business after another, and I have introduced the most comprehensive bill to overhaul the private equity industry.

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Elizabeth Warren
@elizabethwarren· Democratic · MA· Apr 2, 2024

I think if it were beneficial for the hospitals or beneficial for the people of the Commonwealth, we would hear about all of those elements.

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