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

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

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

Instead of health care experts, you do have wealth care experts.

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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

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

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

Right. So going in, they would want you to think that if anything went wrong, it was because of benign neglect.

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

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

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

Right. So going in, they would want you to think that if anything went wrong, it was because of benign neglect.

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

I will say it bluntly, turning private equity loose in our health care system kills people.

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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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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

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, Senator Markey, for giving us a powerful tool for the job.

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

If we close our doors, there is nowhere for people to go, nowhere.

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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

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

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

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