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Increased Transparency of Healthcare Ownership

This act aims to increase transparency in the healthcare sector, especially regarding firms owned by private equity funds. This will give citizens better insight into who actually controls medical facilities and how their finances are managed, potentially impacting the quality and accessibility of healthcare services. It introduces a requirement to disclose detailed financial and ownership data, which should help assess the impact of consolidation on healthcare costs and quality.
Key points
Healthcare firms, especially those controlled by private equity funds, will be required to disclose detailed information about their ownership structure, debt, and financial transactions.
A special task force will be established to analyze the impact of private equity funds and consolidation on the healthcare sector, including prices, service quality, and staff working conditions.
Failure to disclose required information may result in healthcare providers being excluded from the Medicare program, meaning they cannot provide services to individuals covered by this insurance.
The Government Accountability Office (GAO) will regularly analyze collected data to assess how consolidation affects indicators such as revenue, costs, service quality, and staffing levels in healthcare facilities.
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Expired
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Additional Information
Print number: 117_HR_6885
Sponsor: Rep. Jayapal, Pramila [D-WA-7]
Process start date: 2022-03-01
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Healthcare Ownership Transparency Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_6885.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-03-01.

What are the main provisions?

Key points include:

  • Healthcare firms, especially those controlled by private equity funds, will be required to disclose detailed information about their ownership structure, debt, and financial transactions.
  • A special task force will be established to analyze the impact of private equity funds and consolidation on the healthcare sector, including prices, service quality, and staff working conditions.
  • Failure to disclose required information may result in healthcare providers being excluded from the Medicare program, meaning they cannot provide services to individuals covered by this insurance.
  • The Government Accountability Office (GAO) will regularly analyze collected data to assess how consolidation affects indicators such as revenue, costs, service quality, and staffing levels in healthcare facilities.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Jayapal, Pramila [D-WA-7].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Health.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Health Economy