California Governor Vetoes Healthcare Bill

This is a Massachusetts news story, published by Guardian, that relates primarily to Bill news.

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Guardian

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Private equity’s role in US healthcare remains unchecked after California veto

Summary

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85% Informative

Bill was the nation's most high-profile legislative effort to regulate such investments in healthcare.

It would have given the state attorney general discretion to deny mergers.

Its demise comes amid US Senate hearings over mismanagement at Steward Health , a chain of more than 30 private equity-backed hospitals in Massachusetts .

Increased charges and billing are ultimately paid by society as a whole’ because healthcare is primarily financed through taxes and wages foregone by employees who receive private insurance.

Private equity-backed hospitals tended to admit more socioeconomically advantaged patients.

“We should be seeing fewer complications and yet we’re seeing an increase in complications,” said Song .

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Informative language

Neutral language

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formal

Language

English

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not offensive