Connecticut lawmakers are considering several proposals this session to better regulate private equity in health care, after similar legislation failed in the chamber last year.
The renewed push comes on the heels of Chapter 11 bankruptcy filings Jan. Saud Anwar, co-chair of the Public Health Committee, said in a statement. In Connecticut, Attorney General William Tong previously stated that his office lacks the authority to regulate private equity in health care that attorneys general in Rhode Island and Massachusetts have.
Ned Lamont also urged lawmakers Jan. Lamont is expected to present a bill to the legislature in the coming days containing the following items:. To guard against a similar scenario in Connecticut, Bugbee said state officials should close loopholes that allow private equity firms to extract wealth from community hospitals and saddle them with debt. The policy push at the state Capitol this year comes on the heels of failed legislation in seeking to better regulate private equity in Connecticut hospitals.
Senate Bill , which turned into a substitute H. Keith Denning, a Democrat, who voted 'no. The bill would have required a hands-on plan from the Office of Health Strategy to study the impacts of private equity deals in health care organizations in Connecticut. Though the item was moved to the House calendar, it was never called for a vote. State Rep. The Certificate of Need Process is a set of regulations requiring hospitals to obtain state approval before making major changes to their health care systems.
It was targeted for an overhaul last year, but several bills to address the problem fell short. McCarthy Vahey said this session, the committee is focused on creating guardrails around the use of private equity in health care institutions.
