The influx of private equity investment into healthcare has raised significant concerns among policymakers and patient advocates, prompting a legislative response to safeguard patient care.
Consumer advocates, labor unions, and the California Medical Association have emphasized the necessity of the legislation, stating it is crucial to maintain physician autonomy and quality patient care.
The California Hospital Association warns that the proposed regulation could impose additional challenges for healthcare infrastructure investments, jeopardizing the financial support needed amidst staffing shortages.
With private equity's annual healthcare investments skyrocketing from $5 billion in 2000 to $100 billion in 2018, concerns regarding the impact on patient costs and access to care have intensified.
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