Biden Administration , Proposes New Plan to Help , Americans With Medical Debt.
On September 21, the Biden administration
announced a new initiative aimed at helping
Americans find their way out of medical debt.
On September 21, the Biden administration
announced a new initiative aimed at helping
Americans find their way out of medical debt.
CBS reports that the new plan is to develop
federal rules that bar unpaid medical bills
from impacting people's credit scores.
If enacted, the new regulations have the potential to help
tens of millions of people living under medical debt by
eliminating information that hurts their consumer scores.
If enacted, the new regulations have the potential to help
tens of millions of people living under medical debt by
eliminating information that hurts their consumer scores.
CBS reports that the new rules would
be one of the most significant federal
actions ever taken to tackle medical debt.
According to a KFF Health News-NPR investigation,
an estimated 100 million Americans have medical debt
which forces them to take extra work or lose their homes. .
No one in this country should
have to go into debt to get
the quality health care they need, Kamala Harris, Vice President of the United States, via CBS.
These measures will improve
the credit scores of millions
of Americans so that they will
better be able to invest in their future, Kamala Harris, Vice President of the United States, via CBS.
According to the Biden administration,
the new rules will be developed next year. .
The decision has been praised by patients and
consumer groups who have been pushing for the federal
government to boost protections against medical debt.
This is an important milestone in our
collective efforts and will provide
immediate relief to people that
have unfairly had their credit
impacted simply because they got sick. , Emily Stewart, Executive director of Community Catalyst, via CBS