Medical Debt
Medical debt refers to debt incurred by individuals due to health care costs and related expenses. Medical debt is different from other forms of debt, because it is usually incurred accidentally or faultlessly. People do not plan to fall ill or hurt themselves, and health care remedies are often unavoidable; medical debt is often treated with more sympathy than other kinds of debt resulting in advice that people ought not try to convert it to credit card debt.
Eliminating Medical Debt
No one in America should go bankrupt because of medical debt. We will eliminate all past due medical debt in this country.
Key Points
- Eliminate all of the $81 billion in past-due medical debt held by 79 million Americans —one in every six Americans.
- Reform bankruptcy laws to use the existing bankruptcy court system to provide relief for those with burdensome medical debt.
- Create a secure public credit registry to replace for-profit credit reporting agencies.
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