Medical debt is a big burden for people nationwide. People don’t choose to go into medical debt. It’s not like buying a car or a home or using your credit card to buy clothes or a dinner out. Medical debt almost always happens because someone becomes unexpectedly sick or injured in an accident. Medical debt is forced on Americans because we’re currently the only industrialized country in the world that doesn’t offer a Medicare for All type system for everyone. The repercussions can be devastating. When medical debt is reported on credit reports, it can be much harder for someone to secure employment or housing. It’s likely to increase interest rates or make it harder to get other credit to buy a car or a home. And perhaps worst of all, unpaid medical debt can have the effect of making people avoid needed medical care in the future. The Consumer Financial Protection Bureau (CFPB) estimates at least $88 billion in medical debt appears on American credit reports. They believe the total amount of medical debt may be even higher. Now, the CFPB has issued a new regulation to stop Experian, TransUnion, Equifax, or any other reporting agency from using medical debt in credit scores. Before it can become law, it must go through a public comment period -- and you can be sure that Big Pharma and health insurance company lobbyists will submit thousands of comments from “people” who want to stop it. That’s why we need to show massive grassroots support to help get this to the finish line. Sign and send your official comment now.
In solidarity, -Faiz Faiz Shakir, Co-Founder
More Perfect Union | 
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