Take Back Our Hospitals Act of 2026

Stop Medicare payments to private equity

If enacted, Medicare would stop paying hospitals and nursing homes owned or controlled by private equity funds, corporations they own, or real estate investment trusts. Facilities that are owned or controlled on the date of enactment would not be treated as violating the rule until 3 years after enactment. Facilities alleged to violate the rule would get notice and a chance for a hearing under section 1128(f). The private equity firm or affiliate that owns or controls a facility would be jointly and severally liable for penalties or obligations assessed against the facility. The bill would define ‘‘control’’ to include holding 10% or more of voting stock or the power to direct management by contract, and it would let the Secretary decide how the rules apply.