Read the full testimony here.

Americans for Financial Reform Education Fund (AFREF) appreciates the opportunity to provide written testimony on the role of private equity in the health care sector and the appropriate approaches to curb its monopolistic and predatory practices in the sector. Private equity investments in healthcare facilities and networks lower quality and accessible care. Private equity firms have siphoned money from healthcare facilities, reduced the quality of care, lowered staffing levels as well as worker wages and benefits, and worsened health outcomes for patients. It is crucial for Connecticut to closely scrutinize the private equity healthcare transactions to protect patients, communities, and workers.