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Steward Health Care to Appear at Massachusetts State House Hearing on Monday – NBC Boston

In recent years, private equity ownership in healthcare has become a contentious issue, especially in Massachusetts. This is why state lawmakers are currently holding a hearing to discuss the matter further. The focus of this hearing comes as Steward Health Care, which owns nine hospitals in the state, is facing a financial crisis.

Governor Maura Healey has been critical of Steward Health Care’s management for their current predicament. On Monday, lawmakers listened to a top government watchdog who warned about the implications of industry consolidation, for-profit ownership and private equity investment in healthcare. The Health Policy Commission Executive Director, David Seltz shared data showing that the involvement of private equity interests in healthcare transactions in Massachusetts has more than doubled in recent years.

This trend has raised concerns among lawmakers and healthcare officials alike, prompting calls for urgent action to address these issues. Private equity ownership can have significant impacts on accessibility and affordability of healthcare services. There is growing focus on the impact of these factors on the healthcare system not just in Massachusetts but across the country.

The recent crisis at Steward Health Care has brought these concerns to the forefront, prompting calls for reform. Lawmakers are determined to ensure that patients receive quality care while also maintaining transparency from private equity companies operating in their state. The urgency to address these issues cannot be overstated if we want to ensure continued accessibility and affordability of healthcare services for all people.

By Samantha Jones

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