Take Back Our Hospitals Act of 2026

This bill, titled the Take Back Our Hospitals Act of 2026, would prohibit Medicare from paying hospitals or skilled nursing facilities owned or controlled by private equity funds, real estate investment trusts, or corporations owned by those funds. The law defines control as owning 10 percent or more of voting securities or having the power to direct management and policies through contracts or other means. Facilities currently owned by these firms would have a three-year transition period before the prohibition takes full effect. The bill also establishes joint and several liability, meaning the owning firm would be responsible for any penalties if the facility violates the rule, and provides for notice, hearings, and judicial review for affected facilities.