Medical Debt Collection Articles

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Americans’ Medical Debts Are Bigger Than Was Known, Totaling …

https://www.nytimes.com/2021/07/20/upshot/medical-debt-americans-medicaid.html

The $140 billion in debt does not count all medical bills owed to health care providers, because it measures only debts that have been sold to collections agencies. …

Medical Debt: Everything You Need To Know – Forbes …

https://www.forbes.com/advisor/health-insurance/medical-debt/

The majority of debt in third-party collections in the U.S. (58%) comes from medical bills, finds a recent report by the Consumer Financial Protection Bureau (CFPB). …

Medical Debt in the US, 2009-2020 | Health Disparities

https://jamanetwork.com/journals/jama/fullarticle/2782187

During this period, medical debt overtook nonmedical debt as the largest source of debt in collections. In 2009, mean medical debt was $119 (95% CI, $112 …

FACT SHEET: The Biden Administration Announces …

https://www.whitehouse.gov/briefing-room/statements-releases/2022/04/11/fact-sheet-the-biden-administration-announces-new-actions-to-lessen-the-burden-of-medical-debt-and-increase-consumer-protection/

Medical debt is not a reliable indicator of credit quality, and its impact should be reduced or eliminated to give more American families the opportunity to thrive: …

Debt collectors re-evaluate medical debt furnishing in …

https://www.consumerfinance.gov/about-us/blog/debt-collectors-re-evaluate-medical-debt-furnishing-in-light-of-data-integrity-issues/

A new CFPB report estimates that medical collections tradelines declined by 37 percent between 2018 and 2022. “Market Snapshot: An Update on Third-Party …

Medical Debt On Credit Report Will Disappear - CNBC

https://www.cnbc.com/select/medical-debt-credit-report/

This would get the medical provider or collections agency off of your back, eliminate any potential negative credit score remarks and you can pay it off at a more …

Some medical debt will continue to haunt consumers …

https://www.cnbc.com/2022/04/12/some-medical-debt-will-continue-to-haunt-consumers-despite-changes.html

Medical debt in the U.S. has reached roughly $88 billion, according to the Consumer Financial Protection Bureau. Additionally, 58% of bills that are in collections …

How Medical Debt Credit Reporting Is Changing - Forbes …

https://www.forbes.com/advisor/personal-finance/medical-debt-removed-from-consumer-credit-reports/

Starting July 1, 2022, medical debt that’s been paid will no longer be included on credit reports from Equifax, Experian and TransUnion—even if it’s been on your report …

Most medical collection debt is about to fall off of consumer credit ...

https://www.nbcnews.com/business/business-news/medical-collection-debt-removed-from-consumer-credit-reports-rcna20676

A February report by the Consumer Financial Protection Bureau found that medical debt collections were "less predictive of future payment problems than other …

RIP Medical Debt Seeks to Buy, Resolve More Hospital Debt

https://www.usnews.com/news/business/articles/2023-02-13/rip-medical-debt-seeks-to-buy-resolve-more-hospital-debt

The New York nonprofit uses donations to buy medical debt in bulk from hospitals and debt collectors for pennies on the dollar. It mostly targets the debt of …

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