It also has the support of labor and financial-policy groups, including the AFL-CIO, the American Federation of Teachers and National Nurses United. Lisa Donner, executive director of financial watchdog group Americans for Financial Reform, said the bill “takes important, much-needed steps to rein in Wall Street predatory practices and promote a more just and sustainable economy.”
Biden administration efforts to address challenges created by medical debt, highlighted at a White House meeting today, will curb its harmful impacts, including distorted credit reports and abusive collection practices. The impacts are a widespread problem for millions of people, but disproportionately harm communities of color.
The proposal by the Consumer Financial Protection Bureau to eliminate medical debt on credit reports would, if fully implemented, curb harmful practices such as distorted credit reports and abusive debt collection. As part of a broader initiative to improve the credit reporting system, the CFPB has proposed a new rule that would stop credit reporting agencies from including medical debts and collection information on consumer credit reports, and prohibit the information from being considered in underwriting decisions. The CFPB is now seeking public comment on this consumer protection proposal.
Today over 90 organizations and individuals, representing patients, workers, communities; public interest advocates, and health care researchers, called on federal authorities, as part of their review of competition in health care, to take action to curb the abuses of private equity and safeguard the ability of doctors to deliver quality care to all patients and achieve equitable health outcomes.
AFREF and 96 organizations and individuals concerned about the harmful impacts of transactions that affect consolidation in health care submitted comments responding to a Request For Information from the Department of Justice, Federal Trade Commission, and Department of Health & Human Services, calling for action to curb the abuses of private equity and safeguard the ability of doctors to deliver quality care to all patients and achieve equitable health outcomes.
AFREF submitted its own comment in response to a Request For Information from the Department of Justice, Federal Trade Commission, and Department of Health & Human Services. The comment focuses on transactions by private equity (PE) funds which, by treating health care facilities and companies as financial instruments, have inflicted damage on health care businesses, communities, and individuals.
New rules on minimum staffing in nursing homes will safeguard patients and health care workers by improving access to consistent and quality care, according to Americans for Financial Reform Education Fund. The Centers for Medicare and Medicaid Services (CMS) is setting a new comprehensive staffing requirement in its final rule on Minimum Staffing Standards for Long-Term Care (LTC) Facilities and Medicaid Institutional Payment Transparency Reporting.
Washington, D.C. – The Biden administration and Congress should use all available means to curb the increasingly harmful effects of private equity’s control of massive swaths of the healthcare sector, according to a new report from Americans for Financial Reform Education Fund.
New study by the American Antitrust Institute and Americans for Financial Reform Education Fund calls attention to the growing presence of private equity ownership in the home healthcare sector.
AFREF submitted a comment to the Centers for Medicare and Medicaid Services (CMS) on their proposed rule to require the disclosure of important information regarding the ownership and control of nursing facilities, including when an owning or managing entity is a private equity (PE) company or a Real Estate Investment Trust (REIT).
Private equity and healthcare are incompatible and AFREF states in the letter that the current lack of transparency in ownership of facilities exacerbates the problem and shields owners and investors from accountability for the performance of the businesses they own and welcomes the disclosure rule.