Biden Administration Aims to Erase Medical Debt from Credit Reports, Shielding Americans from Financial Strain from cva meaning administration Watch Video

⏲ Duration: 0:40
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✓ Published: 13-Jun-2024

Description:
The Biden administration is working to remove medical debt from credit reports to protect Americans from the negative effects of healthcare bills. They are pushing for states to limit hospital debt collection and provide more charity care to prevent medical debt. The proposed rules would prevent future medical bills from affecting credit scores and eliminate current medical debts. Hospital leaders and debt collection industry representatives are concerned about the impact on healthcare payments, while consumer and patient advocates are calling for stronger federal regulations. Some states have already passed laws to prevent medical debt from impacting credit scores.