Biden Administration , Proposes New Plan to Help , Americans With Medical Debt.<br />On September 21, the Biden administration <br />announced a new initiative aimed at helping <br />Americans find their way out of medical debt.<br />On September 21, the Biden administration <br />announced a new initiative aimed at helping <br />Americans find their way out of medical debt.<br />CBS reports that the new plan is to develop <br />federal rules that bar unpaid medical bills <br />from impacting people's credit scores.<br />If enacted, the new regulations have the potential to help <br />tens of millions of people living under medical debt by <br />eliminating information that hurts their consumer scores.<br />If enacted, the new regulations have the potential to help <br />tens of millions of people living under medical debt by <br />eliminating information that hurts their consumer scores.<br />CBS reports that the new rules would <br />be one of the most significant federal <br />actions ever taken to tackle medical debt.<br />According to a KFF Health News-NPR investigation, <br />an estimated 100 million Americans have medical debt <br />which forces them to take extra work or lose their homes. .<br />No one in this country should <br />have to go into debt to get <br />the quality health care they need, Kamala Harris, Vice President of the United States, via CBS.<br />These measures will improve <br />the credit scores of millions <br />of Americans so that they will <br />better be able to invest in their future, Kamala Harris, Vice President of the United States, via CBS.<br />According to the Biden administration, <br />the new rules will be developed next year. .<br />The decision has been praised by patients and <br />consumer groups who have been pushing for the federal <br />government to boost protections against medical debt.<br />This is an important milestone in our <br />collective efforts and will provide <br />immediate relief to people that <br />have unfairly had their credit <br />impacted simply because they got sick. , Emily Stewart, Executive director of Community Catalyst, via CBS
