The Coalition for Patient-Centered Care (CPCC) submitted a letter to the Senate Subcommittee on Primary Health & Retirement Security discussing how corporate greed, particularly from private equity firms, negatively impacts patient care and healthcare workers. The CPCC represents over 5,000 physicians who experience the adverse effects of private equity acquisitions of independent physicians and healthcare providers. The letter describes how these acquisitions can lead to decreased quality of care, increased costs, and worse working conditions. It also highlights the harmful effects on patient-centered care, including higher prices and job losses, citing examples such as the private equity-backed acquisition of an independent physician group at Dartmouth College, which led to reduced staff and compromised care. The CPCC urges the committee to consider these issues when discussing the broader impact of private equity on patient care and healthcare workers’ wellbeing.
