Mark E. Lutes, Chair of the firm’s Board of Directors and a Member of the Firm in the Health Care and Life Sciences practice, in the firm’s Washington, DC, office, was quoted in the Wall Street Journal Pro Private Equity, in “Or’s Take: Hospital Investments Likely to Take Hit Under Republican Reign,” by Amy Or.
Following is an excerpt:
With President-elect Donald Trump and a Republican majority in Congress seeking to roll back the law known as Obamacare, investment flows into the space, particularly senior living facilities and hospitals, may slow down to a trickle.
“The [Affordable Care Act], either through Medicaid or exchange-facilitated coverage, has had a positive revenue impact on hospitals,” said Mark Lutes, chairman of law firm Epstein Becker Green PC. “Hospitals will foresee a good chance that a significant portion of those lives will be back to where they were, hitting the emergency room and not having insurance to cover their expenses.”