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House Approves Tougher Medicare Rules for Private Equity Firms

July 31, 2020, 8:42 PM

Private equity-owned health-care companies seeking Medicare reimbursements would be subject to greater transparency under a bill passed by the U.S. House on Friday.

The rule, included in a $1.3 trillion appropriations bill for several departments, requires companies seeking short-term loans from Medicare to disclose whether they are owned by private equity firms. Findings would be published in a quarterly report issued by the Department of Health and Human Services.

The bill, which passed by a vote of 217-197, also recommends that the secretary of HHS forbid private equity-owned hospitals and health systems from furloughing employees or cutting benefits.

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