I do not understand how regulators can approve such a deal.

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

I have been warning about the dangers of private equity for years.

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

Thank you, Senator Markey and Senator Warren for having me this morning.

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

We have now seen the buyouts and M and As led by private equity firms, over 30 percent of hospitals here in the U.S.

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.

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

Failure to appear is cowardice.

Failure is not an option. We have to fix the system.

I think--what we have got on our hands right now is something that is only going to grow as the years go by.

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

What is happening here in the Commonwealth is happening all over the country.

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…

This is a prime example of the danger of private equity. The private equity firms walk away with hundreds of millions of dollars.

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

But it should. And that is really the point here. So, I am also introducing new legislation to change that.