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

Fighting against corporate greed is going to be an uphill battle, but it is what Senator Warren, and I are promising you here today.

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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

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.

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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

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

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

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

It clearly would ultimately wind up harming the nonprofit sector that provides the very same services.

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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

When you remove a facility from a community, they no longer will maintain that ability to live prosperous lives.

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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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