Health Over Wealth Act

The Health Over Wealth Act (S 4804) requires for-profit corporations owning health care entities (such as hospitals, physician practices, and nursing facilities) to disclose detailed financial and operational information to the government. Covered firms must report on debt levels, ownership structures, staffing patterns, political spending, and other metrics to increase transparency about private equity's role in health care. The bill establishes risk mitigation requirements, including escrow accounts for 5 years, and prohibits certain real estate transactions that could weaken health care entities. It also creates a Task Force to monitor private equity's impact on health care access, quality, and equity, with annual reporting requirements to Congress.