Medical debt reforms threatened by Trump pause on new regulations | Trump administration

The Trump administration is threatened with the new regulations, the repairs made to alleviate the medical debt burden.

Although such reforms are very popular, and Half of the Americans Anxiety about bankruptcy through a major medical event, the Republicans Opposition Allow the reform of the medical debts to move forward.

The uncertainty is part of the broader turmoil in the federal government, such as billionaire Elon Musk I worked to reach federal payment systems. Musk said in the past.Wipe“The Agency Responsible for Consumer Protection, the Federal Reserve arm is called the Consumer Protection Office (CFPB).

“The CFPB medical debt base to protect consumers from predators is designed to protect the consumer privacy and protect consumers from medical debt weapons,” said Rob Weissman, co -chair of the Consumer Group for the General Citizen.

“The phenomenon of medical debt alone, not to mention the appearance of credit reporting, is a function only for the completely dysfunctional health care system. In the United States, we do not have health care that is delivered as a right.”

About 46 million Americans had medical debts on a credit report in 2020 – negative signs sent by health care providers to credit agencies that could be crowned throughout a person’s financial life. It can prevent the degree of low credit from a person from Securing loans, housing and jobs. The Biden Administration hopes to cancel medical debts on credit reports by preventing creditors from reporting gym to credit agencies.

Consumer protection was asked first on the first day of the Trump administration, when the president stopped all the next regulations. More uncertainty was thrown on Monday when the new Treasury Secretary, Scott Besin, Labor request In CFPB to stop the work and stop all the upcoming regulations. It was scheduled to enter the base in March.

The debt collection industry, which benefits from medical debt groups, has strongly opposed the base. The ACA International HDB Group recently made Bessent on Monday to stop medical debt reforms.

“In the past two years, CFPB has a misleading public relations campaign to target the compatible and beneficial work of ACA debt collection of medical service providers,” said Scott Porsil, CEO of ACA International, CEO of ACA International, said in a message.

“Accordingly, we write to request respect for the delay of CFPB or the abolition of two modern CFPB administrative procedures that have arisen with the previous administration.”

BESSENT also asked BESSENT to stop the implementation of the second rule, scheduled in October, which required debt collectors to review every medical debt that is sent independently to make sure that it was not “not coding.” “Height” is a colloquial term for patient bills for a more complex and expensive service than he received. Practice is It is believed to be widespread In the healthcare industry.