Democrats' Policies on Medical Debts
-
Biden proposes to ban medical debt from credit reports, loan decisions
The rules set to be announced [by the CFPB] Tuesday would ban credit reporting agencies from incorporating medical debt when calculating credit scores, said the people with knowledge of the matter, who spoke on the condition of anonymity to describe private discussions. The rules would also bar lenders from using medical debt to determine loan eligibility, they said.
Other Democrats are pursuing efforts to address medical debt. Sen. Bernie Sanders (I-Vt.) and lawmakers in May proposed legislation that would eliminate all existing medical debt and impose restrictions to limit future medical debt.
Democratic mayors in D.C., New York and other major cities in recent years have worked to relieve residents’ medical debt by purchasing existing balances for pennies on the dollar and immediately canceling it.
A lot of these complications could have been avoided had we just go with single payer universal healthcare.
-
I see WaPo has instituted a mini-paywall even for gifted articles; you have to create an account to read them. But there's MSN to the rescue!
-
Ax, agreed. But in the absence of that, moving to prevent medical debt from appearing on credit scores is a good thing
