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House advances bill to limit corporate interference in clinical decision-making and require ownership disclosures
Summary
Lawmakers advanced H.583, a strike-all bill that would bar private equity and hedge funds from directing clinical care and require reporting of ownership to the Green Mountain Care Board; committee witnesses and members debated definitions and which firms operate in Vermont.
The Vermont House advanced H.583, a strike-all bill to enshrine clinical decision-making protections in statute and increase transparency when private equity or hedge funds hold ownership or investment interests in health care providers.
The bill adds a new chapter to Title 18 that would prohibit private equity groups or hedge funds from interfering with licensed providers’ clinical judgment — including decisions about treatment, equipment, coding and billing — while permitting nonclinical administrative services so long as licensed clinicians retain ultimate authority. It also requires affected health care facilities…
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