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Committee advances bill to bar private‑equity control over clinical decisions; reporting to Green Mountain Care Board required
Summary
H.583 would prohibit private equity and hedge funds from directing clinical decision making, require facilities with such investment to report ownership to the Green Mountain Care Board (first reports due July 1), and create penalties and public posting requirements; the committee voted the bill out (roll‑call shows 10 Yes, 1 No).
The House Appropriations Committee voted to advance H.583 on March 17 after hearing from legislative counsel and the bill sponsor about limits on private‑equity influence over clinical decision making.
Jen Carvey, legislative counsel, summarized the measure and said it “adds a new chapter in Title 18 on clinical decision making.” The central prohibition in the draft prevents private equity groups, hedge funds or entities controlled by them from exercising authority over clinical judgments—such as ordering tests, directing length of patient visits, or making decisions that require licensed health‑care professionals’ clinical judgment.
The bill also requires health care facilities and management service organizations to inform the Green Mountain Care Board by July 1 whether they have…
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