00:00It's Benzinga, and here's what's on the block.
00:02The Biden administration is working to remove medical debt from credit reports to protect
00:07Americans from the negative effects of health care bills. They are pushing for states to
00:11limit hospital debt collection and providing more charity care to prevent medical debt.
00:15The proposed rules would prevent future medical bills from affecting credit scores
00:19and eliminate current medical debts.
00:21Hospital leaders and debt collection industry representatives are concerned about the impact
00:26on health care payments, while consumer and patient advocates are calling for stronger
00:30federal regulations. Some states have already passed laws to prevent medical
00:34debt from impacting credit scores. For all things money, visit Benzinga.com.
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