Biden Administration Takes Action to Cut Medical Bills from Credit Reports (Health & Beauty - Health Services)

Item ID 2391313 in Category: Health & Beauty - Health Services

Biden Administration Takes Action to Cut Medical Bills from Credit Reports
On Thursday, the Biden administration revealed its intention to eliminate medical debt entries from Americans’ credit reports, aiming to put an end to what it views as coercive debt collection strategies affecting a wide swath of consumers. The proposed measures are designed to extend a financial lifeline to families grappling with medical crises, curbing the practice of debt collectors pressuring individuals to settle bills they may not legitimately owe. Additionally, the plan seeks to ensure that creditors rely on accurate data, free from the inaccuracies and errors that often plague credit reporting. The Vice President, who also serves as the leading consumer finance watchdog, conveyed that over 100 million Americans are currently burdened with unpaid medical debt. They underscored that many of these debts arise from unforeseen medical emergencies, emphasizing how credit scores are instrumental in determining a person’s economic well-being and their capacity to build wealth.
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Target State: California Target City : Glendale Last Update : Sep 27, 2023 3:57 AM Number of Views: 38	Item Owner : Albert Brown Contact Email: Contact Phone: 08668542714

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2024-05-16 (0.386 sec)