Tag #Medical Debt

Showing 1 to 12 of 22 results

npr.org
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Trump's Healthcare Rollbacks to Leave Millions Uninsured and Deepen Medical Debt Crisis

The Trump administration's healthcare policy changes, including Medicaid cuts and the removal of medical debt protections, are expected to leave 10 million more Americans uninsured by 2034 and exacerbate the existing problem of medical debt affecting millions.

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npr.org
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Judge Blocks Removal of Medical Debt from Credit Reports

A Texas federal judge blocked a Biden administration rule removing medical debt from credit reports, impacting 100 million Americans and potentially exacerbating financial hardships for those with medical debt; the ruling sided with a credit union league that argued the CFPB exceeded its authority.

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cbsnews.com
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Medical Debt Relief: New Rules and Strategies

In 2024, approximately 20 million Americans owed medical debt, but recent credit reporting changes—excluding paid collections, implementing a one-year waiting period, and excluding debts under $500—offer relief; however, proactive debt management remains crucial.

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cbsnews.com
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Record US Household Debt Fuels Demand for Debt Forgiveness

US household debt hit a record $18.04 trillion in Q4 2024, with rising delinquencies in credit cards and auto loans; debt forgiveness offers potential relief for some but not all debt types.

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cbsnews.com
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31 Million Americans Borrowed $74 Billion for Medical Care in 2023

A new survey reveals that 31 million U.S. adults borrowed $74 billion in 2023 to cover medical costs, highlighting the significant financial burden of healthcare, even for those with insurance; younger adults are disproportionately affected.

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forbes.com
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Trump Pauses Rule to Remove Medical Debt from Credit Reports

President Trump paused a rule that would remove \$49 billion in medical debt from the credit reports of at least 15 million Americans, creating uncertainty for millions and highlighting the political battle over consumer protection and healthcare costs.

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cbsnews.com
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Court Blocks Rule to Remove Medical Debt from Credit Reports

A federal court struck down a CFPB rule designed to remove all medical debt from credit reports, leaving millions of Americans to contend with the negative credit impacts of unpaid medical bills and necessitating individual debt management strategies.

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cbsnews.com
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Judge Blocks CFPB Rule Removing Medical Debt from Credit Reports

A federal judge blocked a Consumer Financial Protection Bureau rule that would have removed roughly $49 billion in medical debt from the credit reports of about 15 million Americans, citing that the CFPB exceeded its authority under the Fair Credit Reporting Act.

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cbsnews.com
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Medical Debt in the U.S.: Causes, Consequences, and Strategies for Relief

Medical debt in the U.S. is rising due to high healthcare costs, leading many to seek forgiveness options such as hospital financial assistance programs, debt settlement, and careful review of insurance bills; while full forgiveness is not guaranteed, various strategies can help manage this debt bur...

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theguardian.com
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Ohio's Aggressive Medicaid Estate Recovery Traps Widow in Medical Debt Crisis

Susan, an Ohio resident, faces a $264 Medicaid debt after her husband's death, despite initial assurances the bill was settled, highlighting the state's aggressive estate recovery process and the broader US medical debt crisis impacting millions.

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forbes.com
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CFPB's Medical Debt Rule: Potential for Unintended Consequences

The CFPB finalized a rule eliminating \$49 billion in medical debt from 15 million Americans' credit reports; however, this action may have unintended consequences, including degraded lending standards, higher healthcare prices, and reduced credit access for low-income individuals.

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cnbc.com
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CFPB Removes $49 Billion in Medical Debt from Credit Reports

The CFPB removed $49 billion in medical debt from the credit reports of 15 million Americans, improving credit scores and access to credit, because medical debt is often inaccurate and doesn't predict loan repayment.

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36% Bias Score

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Showing 1 to 12 of 22 results