Senator Elizabeth Warren (D-Mass) is set to reintroduce the Corporate Crimes in Health Care Act — legislation that authorizes criminal and civil penalties for private equity owners of healthcare organizations when their actions cause the injury or death of patients under their care. It is the toughest legislation to date designed to curb the worst excesses of Wall Street owners in healthcare.
The timing is right.
On December 10, a bankruptcy court will decide whether private equity owners behind one of the country’s largest nursing home chains — the Pennsylvania-based Genesis HealthCare — will be able to use the bankruptcy process to rid itself of millions in debts and obligations to residents and their families, workers, and vendors. More than 200 lawsuits against Genesis — allegi

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