Markey, Warren blast Steward and its CEO at congressional hearing in Boston
Source: WBUR
The financial problems looming over Steward Health Care and its eight Massachusetts hospitals were the subject of pointed criticism during a 90-minute congressional field hearing in Boston Wednesday.
The hearing, chaired by U.S. Sens. Ed Markey and Elizabeth Warren and titled "When Health Care Becomes Wealth Care: How Corporate Greed Puts Patient Care and Health Workers At Risk," focused on the national picture of for-profit companies in health care and dug into Steward's problems in Massachusetts.
The company has said financial losses are jeopardizing operations at its Massachusetts hospitals, and it plans to leave the state. Markey said Steward executives trapped those hospitals with "the rot of their greed."
"What we've seen in the face of the Steward crisis is uniting people in the face of the greed, which we can see here in our home state: doctors, nurses, lab techs, hospital administrators, professors, advocates and elected officials are all saying clearly that it is long past time to make sure patient health comes before shareholder wealth in Massachusetts and across our country," Markey said at the State House hearing.
Read more: https://www.wbur.org/news/2024/04/03/steward-hearing-boston-markey-warren