According to a White House fact sheet, Black and Hispanic households are more likely to hold medical debt than white households.
Vice President Kamala Harris plans to announce reforms to help ease the burden of medical debt.
“Getting sick or taking care of loved ones should not mean financial hardship for American families,” administration officials stated. “[On April 11], Vice President Harris is announcing reforms in four areas that will lessen the burden of medical debt, protect consumers, and open up new opportunities for Americans looking to buy a home or start a small business,” the White House stated.“Providers have a responsibility to offer non-predatory payment plans or financial assistance to all eligible patients,” the White House noted. “While many do, far too many eligible patients report not receiving help.
Department of Health and Human Services Secretary Becerra plans to direct the agency to evaluate how providers’ billing practices impact access and affordability of care and the accrual of medical debt. Separately, the Consumer Financial Protection Bureau will investigate credit reporting companies and debt collectors that violate patients’ and families’ rights and hold violators accountable.
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