This bill would ban hospitals and skilled nursing facilities owned or controlled by private equity firms and real estate investment trusts from receiving Medicare payments. The prohibition would apply to new ownership structures immediately upon enactment, but facilities already owned by these entities as of the bill's passage would have a three-year grace period before losing Medicare eligibility. Facilities found in violation would receive notice and opportunity for a hearing, and the parent companies would be held jointly liable for any penalties. The legislation targets what supporters view as problematic private equity and real estate investment ownership models in healthcare, though it does not specify funding requirements or establish a particular enforcement timeline beyond the three-year phase-in period for existing arrangements.
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