GOOD NEWS FOR ME AND MY WIFE, TOO
Did you know that the vast majority of bankruptcies in the United States are filed because of excessive medical debt? Once a person needs medical care, especially when that care is ongoing/chronic/forever, medical debt can become an overwhelming issue with no end in sight. Then, add on the aggressiveness with collection from health care companies and their collection agencies, and getting sick can cause true #financialtoxicity.
While our broken medical system isn’t going to be fixed any time soon, there is a small amount of relief from the reality of medical debt that became effective as of last week wherein the three major US credit reporting companies will no longer include paid medical debt on credit reports. Credit reports are a tool that banks, potential landlords, and others use to determine an individual’s creditworthiness. Since the overwhelming medical debt I referenced above impacts more than 4 in 10 adults,
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By the Mighty Mumford 