A federal report found that 11% of U.S. nursing homes and 4% of hospitals are now owned by private equity firms. Ohio has one of the most profitable ICFs, with three large private equity investors operating in the state. A Congressional Investigation is currently underway to examine grossly substandard care and unsafe living conditions in group homes for people with intellectual and developmental disabilities.
The rushed committee hearing on HB 466 comes within days of news that an Ohio state lawmaker proposed a $300m handout to nursing homes after raising $52,000 from their agents.
“What an arrogant exhibition of legislative cruelty thrust upon Ohioans. All to divert tens of millions of tax payer dollars to nursing home execs while capping the wages of our front line heroes who rose to the occasion during a global health pandemic,” said Rep. Lepore-Hagan, the Ranking Member of the Ohio House Commerce and Labor Committee. “No one was there to properly answer questions. It’s a disrespectful attempt to cover up corruption, jammed through committee and down our throats. What a disgrace.”