Where we’re going
Credit Reporting of Medical Debt: An Update
In March 2022, the Consumer Financial Protection Bureau (“CFPB”) issued a 54 page report regarding the impacts of medical debt on consumers. The CFPB research showed that $88 billion in medical debt was on consumer credit records as of June 2021 and most medical debt collection tradelines are under $500. In response, Equifax, Experian, and … Continued
What Role Does Health Reform Play in Annual Deficits, the National Debt and Today’s Debt Ceiling Debate?
Since the passage of Health Reform 13 years ago, annual deficits have added $19T+ to the national debt. America is now $31T+ in debt, in addition to significant underfunding of entitlements like Social Security and Medicare. There is a fierce debate underway in the beltway about raising the debt ceiling. President Biden proposes a budget … Continued