Governor Newsom Vetoes Major Bill on Health Care Mergers Allowing Private Equity Bad Actors to Continue to Flourish
SACRAMENTO, CA – Health care corporations have used their undue influence to yet again put patients in harm’s way by allowing bad actors to continue to interfere in our health care system unabated. With the veto of AB 3129 by Governor Newsom, private equity and hedge funds continue to have free rein to buy up skilled nursing facilities, medical practices, health clinics and more with zero ability by the state to act ensure that these acquisitions are in the best interests of patients.
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