Medical Debt
The Biden administration, through the Consumer Financial Protection Bureau (CFPB), has proposed new federal regulations to remove medical debt from credit reports. If implemented, these rules would protect millions of Americans struggling with unaffordable medical bills. Vice President Kamala Harris emphasized that no one should be denied economic opportunities due to medical emergencies. The administration […]
The Consumer Financial Protection Bureau (CFPB), under the direction of Rohit Chopra, is taking significant steps to address the issue of medical debt in the U.S. Recognizing the financial strain that healthcare costs place on millions of Americans, the CFPB is developing regulations to exclude medical bills from consumer credit reports. This initiative aims to […]
Stacey Abrams and the Fair Fight Action organization donated $1.34 million from its political action committee to the nonprofit organization RIP Medical Debt. The goal is to eliminate $212 million in face value debt owed by 108,000 people in Georgia, Arizona, Louisiana, Mississippi and Alabama, The Associated Press reported. An estimated 25 million American households have […]
Having trouble with medical bills, because of being infected with COVID-19? You are not alone! More than a third of insured adults and half of uninsured adults said they had an issue paying for a medical bill. The national survey conducted by the Commonwealth Fund between March and June 2021 asked 5,450 working-age adults about how […]
Many people these days are confused by high dollar medical debt. Why am I saying “confused” instead of using words that people commonly hear like “angry” or “broken”? People have been misled by the healthcare and collection industries. They’ve been taught that their medical debt, and associated damage to their credit scores, are completely normal […]
NBA Franchise Star Trae Young from the Atlanta Hawks went “Beyond The Game” This Week by helping to pay the medical debt for hundreds of people in the Atlanta area. Young partnered with RIP Medical Debt to erase over $1 million worth of past-due medical debts. “The city of Atlanta has welcomed me with open […]
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