It is called the Stop Wall Street Looting Act, and it is the most comprehensive legislation to fundamentally reform the private equity industry.

It is insufficient to simply replace one for-profit company with another, like Steward or Optum, without assurances.

A broken health care promise could cause communities their lives and livelihoods.

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

We need to keep the doors open. We need to protect workers. And we need to provide quality care for our communities.

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

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

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

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

Failure to appear is cowardice.

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

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.

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?

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

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

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.

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

the pursuit of profit ought to have, at most, a very, very limited role to play in navigating our way to the health and health care system we need and can afford, where the patient truly comes first.