A bill barring private equity firms, hedge funds, and other corporate entities from directing medical decisions at the healthcare facilities they invest in was signed into law Monday by Vermont Gov. Phil Scott, The Wall Street Journal reported. Under the new law, healthcare companies must make their ownership structures and investor relationships publicly available. Before its passage, Vermont stood apart from most states in having neither ownership transparency rules nor any prohibition on corporations directing medical care. Rep. Alyssa Black, the Democrat from Essex who sponsored the bill, said the goal is to prevent profit-driven investors from undermining the state’s struggling medical system.
Read the full article: Vermont Becomes the Latest State to Limit Private Equity’s Influence Over Healthcare //
Source: https://qz.com/vermont-private-equity-healthcare-law-061726