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Message
re: Biden administration to ban medical debt from credit reports
Posted on 6/11/24 at 1:09 pm to Nosevens
Posted on 6/11/24 at 1:09 pm to Nosevens
quote:
American health care is screwed up so bad it’s ridiculous. They pass laws that make it easier for ambulance chasers to sue for damages, existent or not. Allow pharma companies to use public colleges to do research ( public money mostly) while lobbying politicians that drive up costs to people. Disallow insurance companies to be competitive across state lines while allowing infinite amounts of non insurance holders that are never going to pay hospitals or free healthcare outright for illegal aliens.
The worst though is no "up front pricing" ...
Who would shop where there are no prices but are arbitrarily determined after the procedure/service/goods ...
It's the greatest racket ever established for insurance and medical providers ...
"Here's your pizza. That will be $299.95 for the large deluxe ... since we had to add ingredients (specialist required), use an oven (investment has been paid off for 10 years) and delivery (another specialist)"
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Posted on 6/11/24 at 1:12 pm to bluestem75
quote:
elective surgeries should not be covered by this rule
And only real service animals should fly in the passenger cabin of an airplane.
Posted on 6/11/24 at 1:14 pm to crap4brain
quote:
Why bother having health insurance or even trying to pay your medical bills?
Most people with medical debt have insurance. Thanks to Ogump, that insurance leaves you with crushing debt if you get sick.
Posted on 6/11/24 at 1:16 pm to TrueTiger
ALL THEM COVID BILLS ABOUT TO BE OFF THEM CREDIT REPORTS!
Posted on 6/11/24 at 1:17 pm to crap4brain
I don't think this is going to have the effect desired. First, it will be used by some to just not pay debts. Second, I suspect banks are still going to want this information so lending policies may not change. Third, this isn't going to stop hospitals from trying to collect, so banks will have to think about such things when they give out loans.
CFPB is a monster and a President could really do some damage with it. Hmmmm....gosh, so many ideas.
CFPB is a monster and a President could really do some damage with it. Hmmmm....gosh, so many ideas.
Posted on 6/11/24 at 1:18 pm to Nosevens
quote:I dont disagree but all of these are a result of the governance we have allowed....we fight over inconsequential bullshite while we are fleeced at every level. The common denominator of all your issues is government.
American health care is screwed up so bad it’s ridiculous. They pass laws that make it easier for ambulance chasers to sue for damages, existent or not. Allow pharma companies to use public colleges to do research ( public money mostly) while lobbying politicians that drive up costs to people. Disallow insurance companies to be competitive across state lines while allowing infinite amounts of non insurance holders that are never going to pay hospitals or free healthcare outright for illegal aliens.
Posted on 6/11/24 at 1:20 pm to POTUS2024
quote:
Second, I suspect banks are still going to want this information so lending policies may not change. Third, this isn't going to stop hospitals from trying to collect, so banks will have to think about such things when they give out loans.
But how will the banks know? If it's not on your credit report... then how will they know you have medical debt?
Do you have any medical debt
"uhh.. nope."
Well, okay then. We have no way of checking anymore, so we'll just have to take your word for it.
Posted on 6/11/24 at 1:21 pm to MemphisGuy
Posted on 6/11/24 at 1:22 pm to POTUS2024
quote:
don't think this is going to have the effect desired. First, it will be used by some to just not pay debts. Second, I suspect banks are still going to want this information so lending policies may not change. Third, this isn't going to stop hospitals from trying to collect, so banks will have to think about such things when they give out loans.
CFPB is a monster and a President could really do some damage with it. Hmmmm....gosh, so many ideas.
Those are valid points, but medical debt is different from buying an F-150 with all the bells and whistles or running up a credit card and defaulting. Those are bad choices.
Whereas medical debt can happen because you got T boned by a drunk illegal who ran a red light and then an out of network doctor opened your chart.
Posted on 6/11/24 at 1:22 pm to crap4brain
quote:
Why bother having health insurance or even trying to pay your medical bills? Big step moving us closer to socialized medicine.
Because you shouldn't be saddled with this kind of debt your entire life which can affect you buying a house or vehicle.
Our healthcare system is a goddamn joke even the Dr's on this board say so.
Posted on 6/11/24 at 1:24 pm to crap4brain
Credit reporting agencies are private companies, no?
They can include whatever they choose.
They can include whatever they choose.
Posted on 6/11/24 at 1:26 pm to blueagateblues
quote:
Rest of the civilized world: "What's 'medical debt'?"
Because nothing says "free" like using other peoples' money.
Posted on 6/11/24 at 1:27 pm to tigerfoot
the left and right have worked hard to get normal citizens to just hate the other side without realizing they both work together to screw the american people.
Posted on 6/11/24 at 1:28 pm to Y.A. Tittle
quote:
What exactly did Obamacare even “fix” again?
Are you telling me that you didn't save $2,500 annually?
Neither did I. At the time I worked for a Canadian company and our family plan didn't cost that much on an annual basis so I always hated that talking point. When I first got coverage through them our cost for dental and medical was about $15 weekly and that was in 2002. The coverage was outstanding too. Obamacare destroyed that.
Posted on 6/11/24 at 1:28 pm to crap4brain
A lot of this medical debt is due to people going to the ER for primary care. They’re either uneducated about where to go or they go because they know they won’t be turned away. National policies are so screwed up it incentivizes the most expensive possible path.
Posted on 6/11/24 at 1:29 pm to NineLineBind
quote:
A lot of this medical debt is due to people who shouldn't be in the country going to the ER for primary care
FIFY.
Posted on 6/11/24 at 1:31 pm to blueagateblues
quote:
Rest of the civilized world: "Gas is $12 a gallon? WTF?"
frick off with their tax burden.
Posted on 6/11/24 at 1:32 pm to tigerfoot
Explain this to me like I am a 2 year old. What happens if the entire system, which is broken already, crashes. Could that lead to a concierge medicine explosion where if you want good care you have to actually pay for it up front or have some type of private insurance or membership plan with a certain medical group? Theoretically could this lower the price for everyone paying if freeloaders are not leeching off the system?
Posted on 6/11/24 at 1:32 pm to Roaad
quote:
Credit reporting agencies are private companies, no?
They can include whatever they choose.
LOL. They're subject to the Fair Credit Reporting Act.
Posted on 6/11/24 at 1:33 pm to crap4brain
I’d prefer they setup a system that allows for more coordination and simplicity to the billing side for consumers. Having some personal experience, I had a few bills fall through the cracks that got reported. I had no idea I was charged and got lost in the mountain of bills and insurance statements and billing explanations..
It takes knowledge and lots of time ti figure out what you owe as the conflicting statements pile up.. I also had documented the Ins claiming they were paying something only for them to not, eventually reported as delinquent.. I unnecessarily wasted hours of time and energy clearing things up for 2.5 years.
ETA… I had nearly 500k in charges and have zero idea who got what or when.. Obamacare made the fog of billing worse
It takes knowledge and lots of time ti figure out what you owe as the conflicting statements pile up.. I also had documented the Ins claiming they were paying something only for them to not, eventually reported as delinquent.. I unnecessarily wasted hours of time and energy clearing things up for 2.5 years.
ETA… I had nearly 500k in charges and have zero idea who got what or when.. Obamacare made the fog of billing worse
This post was edited on 6/11/24 at 1:37 pm
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