Bill to Ban Private Equity from Owning Medical Practices

A group of Democrats led by Sen. Elizabeth Warren introduced legislation to ban private equity firms and insurance companies from owning medical practices, aiming to curb rising healthcare costs driven by corporate ownership. The bill is modeled after an Oregon law that has already prevented corporate takeovers and comes as private equity investment in healthcare has surged from $5 billion in 2000 to $104 billion in 2024. Research shows private equity ownership of medical facilities is associated with worse patient outcomes and higher costs, contributing to healthcare expenses that have risen 121 percent since 2000.