Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
The Take Back Our Hospitals Act would prohibit Medicare from paying hospitals and skilled nursing facilities that are owned or controlled by private equity firms or real estate investment trusts. The bill would apply to new acquisitions immediately upon enactment but would give existing facilities owned by these entities three years to divest or face Medicare payment suspension. Facilities found in violation would have the right to notice and a hearing, and the private equity firms or REITs that own them would be held jointly liable for any penalties. The legislation aims to prevent large investment firms from profiting off Medicare dollars while potentially affecting the healthcare landscape in areas where these entities operate hospitals and nursing homes.
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