A closer look at medical debt / Gary S. Covey.

Format:

Book

Author/Creator:

Covey, Gary S., author.

Series:

Economic Issues, Problems and Perspectives

Language:

English

Subjects (All):

Debt.

Debt--Social aspects.

Physical Description:

1 online resource (112 pages)

Edition:

1st ed.

Place of Publication:

New York, NY : Nova Science Publishers, Inc., [2022]

Summary:

Medical debt is the most common collection tradeline reported on consumer credit records. People also report being contacted by debt collectors about medical debt more than any other type of debt. While medical debt has long played an outsized role on credit reports, concerns about medical debt collections and reporting are particularly elevated due to the COVID-19 pandemic. Many people have incurred pandemic-related medical debt. Chapter 1 summarizes key areas of concern in medical debt collections and reporting. Chapter 2 reviews a bill to amend the Fair Debt Collection Practices Act.

Contents:

Intro

Contents

Preface

Chapter 1

Medical Debt Burden in the United States(

Executive Summary

Introduction

The Medical Debt Landscape

Prevalence and Magnitude

Billing and Collections Practices

Billing Practices

Financial Assistance Programs

Collections Practices

Population Disparities

Low-Income Individuals

Racial and Ethnic Disparities

Veterans

Young Adults

Older Adults

Adverse Impacts of Medical Debt

Financial Health

Access to Credit

Prevalence of Medical Debt in Credit Reports

Status of Medical Debt in Credit Reports

Impact of Medical Debt on Credit Scores

Financial Impacts on at-Risk Populations

Bankruptcy

Collection Litigation

Seizure of Property

Wage Garnishments

Debtors' Examinations

Physical and Mental Health

Avoidance of Medical Care

Adverse Health Impacts, Depression, Anxiety and Suicide

Physical Health

Mental Health

COVID-19 Impacts

COVID-Related Medical Debt

Insured Individuals

Recent Changes to Insurance Coverage

Uninsured Individuals

COVID-Related Racial and Ethnic Disparities

COVID-Related Policy Changes

Expanded Medicaid Enrollment

Families First Coronavirus Response Act

CARES Act: HRSA Uninsured Program

Legislative and Regulatory Developments

State-Level Legislative Developments

Federal Rulemaking and Legislation

Debt Collection Final Rule

No Surprises Act

Conclusion

Appendix A: State-Level Distribution of Medical Debt Collections Tradelines

Appendix B: State Charity Care Protections

Protections Apply to All Hospitals (10 States)

Protections Apply to Nonprofit/State Hospitals Only (3 States)

State-Run Financial Assistance Programs (3 States)

Appendix C: Medical Debt Balances in the CFPB's Consumer Credit Panel, 2018 To 2021

Chapter 2.

Consumer Protection for Medical Debt Collections Act(

Purpose and Summary

Background and Need for Legislation

Section-by-Section Analysis

Section 1. Short Title

Section 2. Amendments to the Fair Debt Collection Practices Act

Section 3. Prohibition on Reporting Medically Necessary Procedures

Hearings

For The Purposes of Section 103(i) of H. Res. 6 for the 116th Congress

Committee Consideration

Committee Votes and Roll Call Votes

Statement of Oversight Findings and Recommendations of the Committee

Statement of Performance Goals and Objectives

New Budget Authority and CBO Cost Estimate

Committee Cost Estimate

Unfunded Mandate Statement

Advisory Committee

Application of Law to the Legislative Branch

Earmark Statement

Duplication of Federal Programs

Changes to Existing Law

Changes in Existing Law Made by the Bill, as Reported

Fair Debt Collection Practices Act

Title VIII-Debt Collection Practices

803. Definitions

808. Unfair Practices

Fair Credit Reporting Act

Title VI-Consumer Credit Reporting

603. Definitions and Rules of Construction

605. Requirements Relating to Information Contained In Consumer Reports

Sec. 623. Responsibilities of Furnishers of Information to Consumer Reporting Agencies

Minority Views

Index

Blank Page

Blank Page.

Notes:

Description based on print version record.

Other Format:

Print version: Covey, Gary S. A Closer Look at Medical Debt

ISBN:

9798886973037