Credit reporting agencies use medical debt to keep millions of Americans from accessing homes, cars, and jobs. Let’s change that.
As a result of our broken healthcare system, millions of Americans are saddled with medical debt. According to one estimate, Americans owe at least $220 billion in unpaid medical bills. And no, that’s not a typo.
Living with medical debt is tough. And it’s even tougher when information about that debt is shared with credit reporting agencies. When medical debt appears on credit reports, it can make finding housing, buying a car, or even getting a job nearly impossible.
Earlier this year, Rob was proud to sponsor SB 1061, which would stop companies from using medical debt in credit scores here in California. Now, a new rule proposed by the Consumer Financial Protection Bureau (CFPB) would do the same nationwide.
This is good news. It’s great news. If the regulation is enacted, it’ll provide desperately needed relief for millions of Americans.
But nothing is guaranteed: Big Pharma, Wall Street, and health insurance companies are doing everything they can to stop the proposed rule. To make sure that it passes, we need to show the CFPB that there is broad public support for this regulation.
Before the public comment period ends, please add your name to say that medical debt shouldn’t negatively affect a person’s credit score →
Add Your Name
The more people the CFPB hears from, the more likely they will move this rule forward. Let’s protect millions of Americans from the negative impacts of medical debt, no matter what state they live in.
— Team Bonta
