States tackle America's crippling medical debt with relief programs
Lawmakers in a dozen states have proposed a flurry of relief bills to tackle the country’s medical debt that has placed millions of people in bankruptcy.
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Lawmakers in a dozen states have proposed a flurry of relief bills to tackle the country’s medical debt that has placed millions of people in bankruptcy.
For patients, medical debt has become a leading cause of personal bankruptcy, with an estimated $88 billion of that debt in collections nationwide, according to the Consumer Financial Protection Bureau.
U.S. lawmakers propose bills to tackle the $200 billion medical debt crisis, with measures including debt relief programs, lower interest rates, and greater transparency on costs of care. Medical debt is a leading cause of personal bankruptcy in the U.S.
Colorado could join Arizona in having one of the lowest medical debt interest rates in the country.
Lawmakers in at least a dozen states and the U.S. Congress have pushed legislation to curtail the financial burden of medical debt.