Close Menu
    Politics

    Die Biden-Regierung sagt, dass ihr Verbot, unbezahlte Arztrechnungen in Kreditauskünften zu erscheinen, jedes Jahr zu 22.000 weiteren Hypotheken führen könnte


    Die Biden-Regierung sagt, dass ihr Verbot, unbezahlte Arztrechnungen in Kreditauskünften zu erscheinen, jedes Jahr zu 22.000 weiteren Hypotheken führen könnte

    https://fortune.com/2025/01/07/biden-administration-ban-on-unpaid-medical-bills-appearing-credit-reports/

    View 24 Comments

    24 Comments

    2. supamario132 on

      Cool. Now your medical debt that you can’t pay off won’t stop you from accruing mortgage debt that you can’t pay off. Neoliberalism perfectly solving the country’s biggest problems once again

    5. teddytwelvetoes on

      lol this country spent the last x years allowing the ultra-wealthy to buy up single-family homes for sport and every listed price is roughly double what it should be. thanks to the Biden administration, many Americans can finally experience the thrill of being blindly out-bidded by reality television cosplayers scamming for nickels they’ll never need

    6. therustytrombonist on

      Uncomfortably long, wet fart noise that slowly tapers to a hiss and finally silence, punctuated by two separate follow-up spurts, as well as a final, barely audible hiss that some may categorize as a third and others as simply trapped air from the more audible emissions that preceded it

    8. LetMePushTheButton on

      If anyone is familiar with corporate finance laws, they report their numbers with non-GAAP and GAAP – where non-GAAP is basically a snapshot of a company minus the debts and costs associated.

      In short, it’s kinda odd that regular people are kinda doing the same thing now that the law allows. I think it’s crazy this is a “solution” to our broken health care system.

    9. brakeled on

      Policy that helps people? I expect a southern circuit court will file appeal and Hocus Pocus Scotus will rule that this is illegal because it impacts profits of debt collectors. Give it a week.

    11. usmclvsop on

      If there is no hit to your credit for not paying medical bills, is there a reason to ever pay for treatment?

    12. IBJON on

      The bill is good, but expecting it to lead to more mortgages is bit silly. Even then, 22,000 new debts each year isn’t exactly a selling point 

    13. WestCoastBestCoast01 on

      On one hand, this is great because people can’t really control how much medical debt they’re assigned. It’s not like other debt that you choose to borrow. On the other hand, people with major medical debt they can’t pay off (hence negative impact on credit) should not be going anywhere near *new* debt, especially a mortgage…

    14. LikeATediousArgument on

      40% of bankruptcies are medical bill related too.

      It will help these people avoid it!

    16. PassWorldly4565 on

      Just a thought. Might those 22K who are fortunate enough to buy a home due to not having this on their credit report find the house attached by the creditors as an asset?

    18. lotus_in_the_rain on

      The mortgages were an example of loans that would be affected. Car loans, credit card applications, home equity loans, your credit score to rent an apartment, etc., would all be impacted. The agency also said medical debt is a poor predictor of being able to pay on another loan.

      I have a friend who was told by a doctor’s office that her estimated contribution for a procedure was 1,100 dollars. The procedure happened. She didn’t get a bill. She stopped by the office and the biller was out that day. No bill until she got the bill from a collections agency. She paid it. But it still tanked her credit score so when she and her husband re-financed their mortgage, they only used her husband’s credit. When they bought a used car, again, used just her husband. It sucked.

      “Unpaid medical bills will no longer appear on credit reports, where they can block people from mortgages, car loans or small business loans, according to a final rule announced Tuesday by the Biden administration.

      The Consumer Financial Protection Bureau rule will remove $49 billion in medical debt from the credit reports of more than 15 million Americans, according to the bureau, which means lenders will no longer be able to take that into consideration when deciding to issue a loan.

      The change is estimated to raise the credit scores by an average of 20 points and could lead to 22,000 additional mortgages being approved every year, according to the bureau. Vice President [Kamala Harris](https://apnews.com/hub/kamala-harris) said in a statement announcing the rule that it would be “lifechanging” for millions of families.

      “No one should be denied economic opportunity because they got sick or experienced a medical emergency,” she said.

      Harris also announced that states and local governments have used a [sweeping 2021 pandemic-era aid package](https://apnews.com/biden-relief-plan-major-victory-gets-mixed-one-year-reviews-310542ef5cddc914104960a00ae356e0) to eliminate more than $1 billion in medical debt for more than 700,000 Americans.

      The administration announced plans for the rule in fall 2023.

      The CFPB said that medical debt is a poor predictor of an individual’s ability to repay a loan. [Experian](https://fortune.com/company/experian-north-america/), [Equifax](https://fortune.com/company/equifax/) and [TransUnion](https://fortune.com/company/transunion/), the three national credit reporting agencies, said last year that they were removing medical collections debt under $500 from U.S. consumer credit reports.

      The new rule from the Biden administration is set to take on the outstanding bills appearing on credit reports.”

    19. epidemica on

      Medical debt shouldn’t exist, consumers have no choice.

      I went to have a vasectomy in 2022, my insurance portal quoted ~$500 out of pocket.

      Final bill from the provider was almost $8k, with $6k being a “facility fee” for a procedure that took 20 minutes in an out patient office with no special tools.

      Burn it down.

    20. Sufficient_Emu2343 on

      22,000 more mortgages, at 7.5%.  Good for the banks I guess…

    23. Flat-Emergency4891 on

      Mortgages on houses in a market where nobody builds. Prices will go up even more. It’s not like Capitalism will fill the supply where there is a demand anymore. The government is too busy protecting the assets of the wealthy who already own multiple houses or apartment buildings. If there is more housing available, prices should go down. The wealthy do not want that.

    Leave A Reply