Medical debt may stop impacting credit scores under proposed federal plan
Nearly 41% of adults in the U.S. have medical debt, according to a 2022 report from the Kaiser Family Foundation.
Medical debt is the most common type of debt that impacts credit scores, according to the Consumer Financial Protection Bureau. That could all change under a plan from the Biden administration to remove medical debt from credit reports. But those rules won’t be established until at least next year, administration officials say.
Reset checks in on the local landscape of medical debt.
GUESTS: Edith Avila Olea, policy manager, Illinois Coalition for Immigrant and Refugee Rights
Carrie Chapman, senior director of litigation and advocacy, Legal Council for Health Justice
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Medical debt may stop impacting credit scores under proposed federal plan
Nearly 41% of adults in the U.S. have medical debt, according to a 2022 report from the Kaiser Family Foundation.
Medical debt is the most common type of debt that impacts credit scores, according to the Consumer Financial Protection Bureau. That could all change under a plan from the Biden administration to remove medical debt from credit reports. But those rules won’t be established until at least next year, administration officials say.
Reset checks in on the local landscape of medical debt.
GUESTS: Edith Avila Olea, policy manager, Illinois Coalition for Immigrant and Refugee Rights
Carrie Chapman, senior director of litigation and advocacy, Legal Council for Health Justice