New York removes medical debt from credit reports
New York removes medical debt from credit reports
Medical debt will no longer appear on the credit reports of New York residents. The change signed into law Wednesday by Gov. Kathy Hochul takes effect immediately.
Unpaid medical debt will no longer appear in New York residents’ credit reports under a bill signed into law by Gov. Kathy Hochul on Wednesday.
The law prohibits credit agencies from collecting information about or reporting medical debt. The law also bans hospitals and health care providers in the state from reporting such debt to the agencies.
New York is the second state after Colorado to enact such a law. A similar nationwide measure is being considered by the federal Consumer Financial Protection Bureau.
“Medical debt is such a vicious cycle. It truly hits low-income earners, but it forces them to stay low-income earners because they can’t never get out from under it,” Hochul, a Democrat, said at the bill- signing ceremony in New York City.
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This is a band-aid measure that addresses neither the broken healthcare system nor cost of living crisis.
A bandaid is better than nothing.
I would call a band aid solution an insult at this point
Just throw a band aid on that kidney failure and call it a day
Not if you're bleeding out.
It's better than nothing if you're bleeding out. It's not better than nothing if you're allergic to band-aids.
Oh good! I was hoping to find some defeatism in the face of a little positive news. Lemmy never disappoints.