Tag Archives: Medical Debt

Senators Launch Inquiry into Medical Credit Cards

A group of Senate Democrats, including Sen. Elizabeth Warren [D-Mass.] and Sen. Sherrod Brown [D-Ohio], the chair of the Senate Banking Committee, have opened an investigation into medical credit cards and the “potential harm they may inflict on patients.” The Senators sent letters to Synchrony Financial — which offers CareCredit …

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Groups Want Medical Debts Deleted From Credit Reports

A group of more than 90 state and national consumer organizations have submitted a petition to the Consumer Financial Protection Bureau, asking it to issue a rule that would prohibit medical debts from appearing on consumers’ credit reports, if the debts resulted from medically necessary services. Background: The CFPB has …

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New Report Pegs Unpaid Medical Debts at $195B

About 9% of all adults in America — which represents about 23 million people — owe at least $250 in medical debt, according to the results of a report released yesterday by the Kaiser Family Foundation. In total, Americans owed $195 billion in unpaid medical debt as of 2019, according …

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