Medical Debt Reform - 4 areas

reform definition highlight

One in three people have medical debt.  That is a stress that works against people in many ways, first stress creates more health issues.  Second medical debt that can't be paid, or paid timely that ends up on a credit report can hold people back from the opportunities they need, to get ahead, to pay the debt.  And third many people choose to not seek medical care because they already have medical debt, or know they won't be able to pay for the diagnosis, care, treatment, prescriptions.  


Today Vice President Kamala Harris is announcing the White House plans for reform on the following 4 areas.  

• Hold medical providers and debt collectors accountable for harmful practices;
• Reduce the role that medical debt plays in determining whether Americans can access credit – which will open up new opportunities for people with medical debt to buy a home or get a small business loan;
• Help over half a million of low-income American veterans get their medical debt forgiven; and,
• Inform consumers of their rights.

You can see the fact sheet from the White House here: https://www.whitehouse.gov/briefing-room/statements-releases/2022/04/11/fact-sheet-the-biden-administration-announces-new-actions-to-lessen-the-burden-of-medical-debt-and-increase-consumer-protection/

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