The Biden administration has taken significant steps to address a problem that burdens 100 million people in America, but gains would be jeopardized by a Trump win, advocates say.
New California legislation will bar unpaid medical bills from showing up on consumer credit reports starting in January. However, the banking industry muscled in eleventh-hour amendments that weakened the protections for patients, the bill’s lead sponsor says.
The Consumer Financial Protection Bureau proposed federal regulations that would prevent unpaid medical bills from being counted on consumers’ credit reports.
Millions of new parents in the U.S. are swamped by medical debt during and after pregnancy, forcing many to cut back on food, clothing, and other essentials.
Colorado is ahead of the curve on policies to prevent medical debt, but the gap between the debt load in places inhabited primarily by people of color versus non-Hispanic white residents is greater than the national average.