Steward bankruptcy Senate hearing to go forward

The Senate Judiciary Committee will hold a hearing on the bankruptcy of Steward Health Care System on Tuesday, March 7, 2023.

The hearing will be held at 10:00 AM in the Hart Senate Office Building, Room 226. The hearing will be open to the public and will be webcast live on the committee's website.

The committee will hear testimony from Steward executives, government officials, and other stakeholders in the bankruptcy process. The hearing will focus on the causes of Steward's bankruptcy and the impact of the bankruptcy on patients, employees, and communities.

Steward Health Care System is a for-profit hospital chain that operates 38 hospitals in the United States. The company filed for Chapter 11 bankruptcy protection in February 2023.

The bankruptcy filing came after years of financial struggles for Steward. The company has been losing money for several years, and its debt has been growing. Steward has also been facing increasing competition from other hospital chains.

The bankruptcy filing has raised concerns about the future of Steward's hospitals. Some experts believe that the company could sell off some of its hospitals or even close them altogether.

The Senate Judiciary Committee hearing will provide an opportunity for lawmakers to learn more about the causes of Steward's bankruptcy and the impact of the bankruptcy on patients, employees, and communities.

Here are some of the key questions that the committee is likely to ask:

* What caused Steward Health Care System to file for bankruptcy? * What impact will the bankruptcy have on patients, employees, and communities? * What are the options for Steward's hospitals? * What can be done to prevent similar bankruptcies in the future? The hearing is expected to be contentious. Lawmakers from both parties are likely to criticize Steward's management for its role in the bankruptcy. Lawmakers are also likely to debate the role of government in the healthcare industry. The outcome of the hearing is uncertain. However, the hearing could lead to changes in the way that hospitals are regulated. The hearing could also lead to increased scrutiny of for-profit hospital chains.