Governor Newsom vetoed AB 3129 (Wood) that would have given Attorney General oversight on certain private equity acquisitions that may be harmful to patients 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 […]
Legislation to Stop Harmful Private Equity Health Care Takeovers Passes CA Assembly
AB 3129 (Wood) would protect patients by giving the Attorney General oversight on private equity acquisitions in our health care system SACRAMENTO, CA – To oversee the increasing concern of private equity firms taking over health care providers, the California State Assembly voted to pass AB 3129 by Assembly Speaker Pro Tem Jim Wood. The […]
AB 3129 (Wood) Putting Patients Over Profits: Oversight on Private Equity and Hedge Fund Health Care Takeovers
Background Health care costs are outpacing inflation, taking bigger and bigger chunks out of Californians’ incomes and wages. More than half of Californians say they skip or delay care due to high costs. A major driver of these rising costs are health care mergers. As health systems and other health care corporations get bigger, they […]