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Writing off debt? Or, rather, the repercussions of ignoring debt? They'll just find other ways to recoup that money, ways the rest of us will ultimately pay for.
www.ncbi.nlm.nih.gov
Yes.They already do that. Do you really think this will make less people pay outstanding medical bills?
Yep.Medical debt is far and away the biggest reason for bankruptcy in this country.
Medical Bankruptcy: Still Common Despite the Affordable Care Act
Yes.
I would have far preferred he addressed the reason for such medical debt.
Odd that people in most every other first world country doesn't have this issue then.
She should have been covered. 10K for 3 hours in an ER should also be criminal.
And that's what should have been done long ago.
This isn't going to "improve" anyone's chances to borrow money for a home or car at all.
Banks will just require more collateral and cosigners and be more reluctant to loan money to people without such guarantees.
Someone who robs a hospital stands a lot better chance of cheating other creditors.
So lenders (banks) will have to make uninformed decisions. Then the government will have to bail out the banks.
And people will just stop paying medical bills unless they have attachable assets.
This is just another "loan bailout" to buy votes. And it will increase the load on those who are responsible.
Besides, how can there be any medical debt after ObamaCare?
Jeez.....Who do I short on this one to make money?
This tired old talking point.Because the government does a bang up job managing everything else.
If I were to counsel someone on their credit, I would suggest they never pay a single dime to medical debt, if they don't have money to burn.I do not. The few people I known with medical debt they cannot hope to pay off just ride out the 7 years it haunts them on their credit report.
I knew a guy in his 20s without insurance that developed Crohn disease and spent 7 days in the hospital getting it under control and treating the other issues it caused by not being treated early.
His bill for it all was close to a half a million dollars. A 10 year payment plan with zero interest puts the payments at more than 4 grand a month.
He has no other bad marks on his credit report. But this being on his credit report has kept him from being hired at certain jobs.
Because the government does a bang up job managing everything else.
Again, other countries can pull it off.
Sorry. I don't want government controlling health care. Period. It's not necessary. It's just a lot of power focused in one place, so ambitious politicians really, really want it to happen.Not only do they pull it off, they spend far less per capita on healthcare than the US
Exactly. And if they don't have to worry about it affecting their credit rating they have even less incentive to pay it off.If I were to counsel someone on their credit, I would suggest they never pay a single dime to medical debt, if they don't have money to burn.
Sorry. I don't want government controlling health care. Period. It's not necessary. It's just a lot of power focused in one place, so ambitious politicians really, really want it to happen.
The Govt does not have to control it
A bureaucrap says you aren't going to get Ozempic, you don't get it.
According to the government they do.The Govt does not have to control it
Which is what happens now, except the bureaucrat is paid by the insurance companies to tell you no.
That's just not true. The only thing the insurance company controls is what they will pay for. You can buy your own pills and have the relief to sue the insurance company if you disagree and think it should be covered.
