Proposed federal legislation targeted increased transparency and accountability for private equity in healthcare, if passed, would have a “chilling effect” on future investment in assisted living and would jeopardize access to the setting, according to senior living industry leaders. Sen. Ed Markey (D-MA) solicited stakeholder comments on a draft of the Health Over Wealth Act, which industry experts said inappropriately lumps assisted living in with more clinical healthcare settings. In a joint letter to Markey, the American Seniors Housing Association and Argentum said that they were “very concerned” about the approach taken with his legislation, which they said would have “catastrophic consequences” for older adults and their families.
Read the full article: Federal Bill Targeting Private Equity Would Have ‘Chilling Effect’ on Assisted Living Investment, Access, Leaders Say //
Source: https://www.mcknightsseniorliving.com/news/federal-bill-targeting-private-equity-would-have-chilling-effect-on-assisted-living-investment-access-leaders-say/