S4085119th CongressWALLET

Take Back Our Hospitals Act of 2026

Sponsored By: Senator Murphy, Christopher [D-CT]

Introduced

Summary

This bill would stop Medicare payments to hospitals and skilled nursing facilities owned or controlled by private equity funds or real estate investment trusts. It would set legal definitions for "covered firms" and "control," provide a three-year transition for existing ownership, and preserve existing enforcement and hearing procedures.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 1 costs, 0 mixed.

Block Medicare payments to PE-owned hospitals

If enacted, this bill would bar Medicare payments to hospitals and skilled nursing facilities. The ban would apply when those facilities are owned or controlled by private equity funds, companies they control, or REITs. Control would include owning or having the power to vote 10% or more of voting securities, certain contracts, or other means the Secretary defines. Facilities owned or controlled by such firms on the enactment date would continue receiving Medicare payments for three years. Owners or affiliates of noncompliant facilities would be jointly and severally liable, and facilities would get notice and a hearing under section 1128(f).

Sponsors & CoSponsors

Sponsor

Murphy, Christopher [D-CT]

CT • D

Cosponsors

  • Sen. Blumenthal, Richard [D-CT]

    CT • D

    Sponsored 3/12/2026

  • Sen. Merkley, Jeff [D-OR]

    OR • D

    Sponsored 3/12/2026

Roll Call Votes

No roll call votes available for this bill.

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