Heterodox
Two in five Americans have outstanding health care bills, according to the Kaiser Foundation. Those with payments overdue are more likely to be uninsured, low-income, and either Black or Hispanic. What’s more, the total amount of outstanding medical debt in the United States is much bigger than people think. ~~~~~~~ Most states have not yet enacted laws preventing the accrual of medical debt, but many have implemented protections for people who...
Read More »Biden Administration Proposes Rule To Ban Medical Debt From Credit Reporting 2
by Sheela Ranganathan, Maanasa Kona Health Affairs There is a growing interest among policymakers to protect patients from medical debt and its negative downstream effects, in April 2023. Three of the three credit reporting agencies (CRAs)—Equifax, Experian, and TransUnion voluntarily agreed to stop reporting any medical debt under $500. In April of this year the Consumer Financial Protection Bureau (CFPB) found that, despite these changes,...
Read More »Medical Debt Is Killing Patients who Deny Costly Healthcare
Emergency Physician and Pennsylvania state representative Arvind Venkat, MD has a detail story to tell about the impact of healthcare upon patients who can not afford the insurance, or are under insured, and opt to deny healthcare. And most can not afford the payments resulting from Medical Debt. This is a good plan and the Pennsylvania House of Representatives on a “bipartisan vote” supported it. Medical Debt Is Killing Our Patients | MedPage...
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