As Steward Health Care continues to face financial troubles, Senators Ed Markey and Elizabeth Warren have criticized the company and its CEO Ralph de la Torre for their role in the situation. During a hearing at the Massachusetts State House, Markey, who chairs the subcommittee on Primary Health and Retirement Security, blamed corporate greed and mismanagement for the challenges facing Steward’s Massachusetts hospitals.
The senators specifically called out Steward Health Care, Dr. Ralph de la Torre, Cerberus Capital Management, and Medical Properties Trust for failing their responsibilities to patients, providers, and communities. They emphasized the importance of holding corporate executives accountable for their actions and ensuring that patients and healthcare providers are not negatively impacted by financial mismanagement.
Markey and Warren’s comments shed light on the challenges facing for-profit healthcare companies and the need for greater oversight in the industry. The hearing also highlighted the importance of prioritizing patient well-being over profit margins.
