When confronted with a grim diagnosis or a catastrophic accident, Americans often wonder not only how they will recover their health and well-being but also if their finances can withstand medical debt and its rippling effects.
But a proposed rule from the Biden administration could translate to more financial relief for the 15 million Americans with $49 billion in unpaid medical bills in collections, experts say.
By banning medical debt from being included in credit reports, this proposal aims to address increasing discontent over the economic burden that can go hand-in-hand with serious health problems. An estimated 100 million people in the United States have medical or dental bills they are paying off or that…
