In sweeping change, Biden administration to ban medical debt from credit reports | The rule, first reported by ABC News, could go into effect sometime next year. - eviltoast
  • mipadaitu@lemmy.world
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    5 months ago

    I’m all for this but… Why would anyone pay a medical debt anymore? Wouldn’t you just sit on it forever? What’s the incentive to ever pay?

    • silence7@slrpnk.netOP
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      5 months ago

      A big chunk of the population doesn’t pay anyways. Those who do are the ones with assets which might be seized

    • JWBananas@lemmy.world
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      5 months ago

      This doesn’t stop collection activities. It only stops that from showing up on credit reports.

    • thrawn@lemmy.world
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      5 months ago

      Medical debt lawsuits?

      That happens now but is generally poor PR, so most hospitals don’t do it. I can see some gross future wherein they point to this and say “without credit extortion, we have no choice but to sue,” and the American populace just accepts this. Hopefully not though. That could well lead to increased scrutiny on the shit ass healthcare system (I nonetheless have low hopes).

      Hospitals are already losing a ton of money by having to refer cases to collection agencies, which already have a relatively low success rate. Perhaps they should see this and push for single payer where they would not need to have entire business departments and collection agency partners creating massive overhead. The system as-is doesn’t work for them either.