Medical Debt Cancellation Act: Eliminating Existing Debt and Protecting Consumers.
This bill aims to cancel existing medical debt through a grant program for hospitals, prioritizing low-income patients and emergency care debt. It also introduces strict new rules prohibiting interest charges on past-due medical bills and mandates the removal of all medical debt information from consumer credit reports. This provides immediate financial relief and improves the credit standing of affected citizens.
Key points
Cancellation of existing medical debt for US residents via a competitive grant program for hospitals.
Prohibition on health care providers and facilities from collecting interest on past-due medical payments.
Removal of all medical debt information accrued by a consumer from credit reporting agency files.
New requirement for providers to assess patient eligibility for financial assistance before billing is due.
Status:
Expired
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