Undue Medical Debt Retires Debt

This is a U.S news story, published by KFF Health News, that relates primarily to Sesso news.

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Undue Medical Debt

KFF Health News

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Health

Blockbuster Deal Will Wipe Out $30 Billion in Medical Debt. Even Backers Say It’s Not Enough. - KFF Health News

Summary

Nutrition label

83% Informative

Undue Medical Debt, which buys patient debt, is retiring $30 billion worth of unpaid bills in a single transaction.

The average patient debt being retired is $ 1,100 , with some reaching hundreds of thousands of dollars.

The deal will prevent the debt being sold and protect millions of people from being targeted by collectors.

Even proponents of retiring patient debt acknowledge that these deals cannot solve a crisis that now touches around 100 million people in the U.S ..

Sesso hopes the debt purchase will keep policymakers focused on enacting longer-term solutions to the nation’s medical debt crisis.

She applauded state leaders for taking steps to bar medical debts from their residents’ credit scores.

But she said action is also needed in Washington , D.C. The Trump administration has suspended regulations that would have barred credit reporting of medical debt nationally.

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful