Medical Debt Cancellation Act: Erasing Debt and Removing It From Credit Reports.
This bill proposes to cancel existing medical debt through a grant program for hospitals, providing significant financial relief to millions of Americans. It also establishes strict new rules for medical billing and debt collection, including a ban on charging interest on past-due medical payments. Crucially, the legislation mandates the removal of all medical debt information from consumer credit reports, immediately boosting credit scores.
Key points
Existing medical debt cancellation: Hospitals will receive grants to eliminate eligible patient debt, prioritizing low-income individuals and emergency care debt.
Medical debt removed from credit reports: All information related to medical debt will be erased from consumer credit reports, improving financial standing.
No interest charges: Healthcare providers are prohibited from collecting interest on past-due payments for medical services.
New billing transparency: Providers must assess patients for financial assistance or charity care eligibility and inform them before payment is due.
Status:
Expired
Record your position for audit.
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens
(explained here).
Start recording it now.