Over 100 million Americans are saddled with medical debt, but a few initiatives are addressing — or even eliminating — it.
Americans won’t have to worry about unpaid medical bills damaging their credit reports and scores much longer.
The hospital bill arrives in the mail, and you’re tempted to throw it away (again) without opening it. After all, you don’t ...
In Pennsylvania, 11% of residents have medical debt and most of them live in rural areas. A 2024 study found that patients in ...
More than half of Americans have incurred medical debt in the past — including 27% who still have it, according to a new ...
The finalized rule will prevent medical bills from being included on credit reports used by lenders and will prohibit lenders from using medical information in their decisionmaking. The CFPB ...
It will also improve privacy protections and prevent debt collectors from pressuring ... of denied loan applications annually, medical debt is a poor predictor of a borrowers' creditworthiness.
In effect, the federal agency said, the rule would prevent debt collectors “from using the credit reporting system to coerce people to pay bills they don’t owe.” Medical debt is a factor ...
Harvard University has hired another law firm to help it navigate a U.S. House investigation into its response to claims of ...
The state is considering a proposal to create a medical debt relief program that could erase hundreds of millions of dollars ...
On January 7, 2025, the Consumer Financial Protection Bureau (“CFPB”) published a final Rule (the “Rule”) that prohibits consumer reporting ...
In other words, it could slow down collections for medical debt, which people may not want to pay off if it is incorrect. Some states, including California, already have laws that prevent medical ...