Massachusetts Senators Criticize Steward Health Care's Management

During a Senate hearing, Senators Ed Markey and Elizabeth Warren condemned Steward Health Care for mismanagement and corporate greed, impacting its Massachusetts hospitals.

Senators Ed Markey and Elizabeth Warren criticized Steward Health Care for financial mismanagement and corporate greed during a Senate hearing.
The health care firm, led by CEO Ralph de la Torre, faces financial instability, affecting its nine Massachusetts hospitals.
Markey's proposed Health Over Wealth Act aims to restrict private equity investments in health care, addressing issues like price gouging and care barriers.
Steward Health Care's financial crisis has led to lawsuits, loss of medical equipment, and a patient death due to repossessed equipment.
Steward is negotiating the sale of its physician network to UnitedHealth's Optum, raising concerns about the future of its hospitals.