Coalition Of 96 Groups Presses Administration To Crack Down On Private Equity's Growing Influence In Health Care

A coalition of nearly 100 organizations is urging the Biden administration to step up its regulatory oversight and enforcement of private equity (PE) firms across the health care system, arguing the firms’ consolidation tactics drive up prices, reduce care quality, and lead to the closure of essential but less profitable facilities. The letter , signed by a myriad of groups like Public Citizen and the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO), was sent on Tuesday (June...