This bill adds a new rule to section 1862 of the Social Security Act. It would stop Medicare payments to hospitals and skilled nursing facilities that are owned or controlled by certain kinds of firms. Those "covered firms" are private equity funds, corporations owned or controlled by private equity funds, and real estate investment trusts (REITs). The bill defines affiliate and control and says owning 10 percent or more of voting securities can be treated as control. If a facility is owned by a covered firm on the date the law starts, it can keep getting Medicare payments for up to 3 years after enactment. Facilities found in violation get notice and a chance for a hearing as described in section 1128(f). A covered firm that owns or is an affiliate of a violating facility would be jointly and severally liable for any penalties or obligations of that facility. The bill was introduced in the House on March 12, 2026, and referred to the Committee on Ways and Means and the Committee on Energy and Commerce.
No publicly available information on costs or budgetary effects is provided in the bill text or metadata.
No publicly available information.
No publicly available information.