A plan to regulate private equity in California health care is dividing the industry with hospitals on one side and doctors and nurses on the other.
A bill before the California Legislature would give the attorney general oversight of large private equity transactions in health care. Here, a patient room sits in the emergency room unit of Hazel Hawkins Memorial Hospital in Hollister on March 30, 2023.
Since its introduction in February, the bill has coasted through two Democratic-controlled Assembly committees on party-line votes, but that’s no guarantee it will reach Gov. Gavin Newsom’s desk. Several previous attempts at similar legislation died quietly., is authored by Assembly’s second-highest ranking Democrat, Jim Wood. The dentist and former Healdsburg mayor has announced he’s leaving office.
Rony Berdugo, the association’s lobbyist, told the Assembly Health Committee earlier this month that private investment is sometimes key to saving struggling local health care institutions.. Founded in 2022, the new state agency can block major health care transactions until it completes an analysis of the impacts on the local health care market, Berdugo said.
Almost all of the consolidations fall below the $101 million threshold that triggers an antitrust review by the Federal Trade Commission and the U.S. Justice Department, the analysis said.The bill is supported “in concept” by the California Medical Association, a lobbying powerhouse that represents the state’s physicians. Other doctors groups in support include the American Academy of Emergency Medicine, California Physicians Alliance and the California State Association of Psychiatrists.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Father who drove family off a California cliff suffered psychotic break, doctors sayHis 41-year-old wife and two children, a 7-year-old girl and a 4-year-old boy were in the vehicle during the crash.
Read more »
California unveils plan opening door to Arizona abortion seekers and doctorsThe clock is ticking until Arizona's ban takes effect.
Read more »
Gov. Gavin Newsom wants to let Arizona doctors provide abortions in CaliforniaCalifornia Gov. Gavin Newsom and state lawmakers are announcing legislation Wednesday aimed at helping Arizonans access abortions after the Arizona Supreme Court allowed a near total-ban to move forward
Read more »
Gov. Gavin Newsom wants to let Arizona doctors provide abortions in CaliforniaCalifornia Gov. Gavin Newsom and state lawmakers are announcing legislation Wednesday aimed at helping Arizonans access abortions after the Arizona Supreme Court allowed a near total-ban to move forward. The bill would allow Arizona doctors to temporarily provide abortion care to Arizona patients who travel to California.
Read more »
Gov. Newsom wants to let Arizona doctors provide abortions in CaliforniaIt would apply only to doctors licensed in good standing in Arizona and their patients, and last only through the end of November. Arizona’s 1864 law banning nearly all abortions except if th…
Read more »
Gov. Gavin Newsom wants to let Arizona doctors provide abortions in CaliforniaCalifornia Gov. Gavin Newsom and state lawmakers are announcing legislation Wednesday aimed at helping Arizonans access abortions after the Arizona Supreme Court allowed a near total-ban to move forward.
Read more »