Warren and AOC Take Aim at Wall Street’s Grip on Doctor Offices

Warren and AOC Take Aim at Wall Street’s Grip on Doctor Offices

Sen. Elizabeth Warren and Rep. Alexandria Ocasio-Cortez introduced the Stop Corporate Takeovers of Physicians Act to prohibit private equity and corporate ownership of medical practices. Backed by Oregon's successful law, the bill targets loopholes that let investors control clinical decisions while more than 80% of doctors now work for corporate entities. Evidence of higher costs and complications mounts as states step up restrictions.

Private equity in medicine did not kill private practice

On September 16, Senators Warren, Wyden, and Merkley, with Representatives Ocasio-Cortez, Hoyle, and Subramanyam, introduced the Stop Corporate Takeovers of Physicians Act. Modeled on an Oregon law that took effect this year, it would bar private equity funds, insurers, and other for-profit corporations from owning or controlling medical practices, close the friendly-physician loophole, and limit Read more… Private equity in medicine did not kil…