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
