RIP Medical Debt Applauds Federal Commitment to Reducing Impact of Medical Debts & Strengthening Consumer Protections
The White House released a fact sheet outlining in broad terms how it plans to reduce the impact of burdensome medical debt and strengthen consumer protections. This afternoon Vice President Kamala Harris announced four areas of reform to protect families from destructive medical debt: stopping harmful practices from providers/debt collectors; reducing how medical debt impacts credit worthiness; forgiving the debt of low-income American veterans and increasing general knowledge of consumers’ rights.
RIP Medical Debt (RIP) celebrates the news this morning from TransUnion, Equifax & Experian that a majority of medical debts on credit reports will be removed come July but supports further, federal change to protect patients from harmful medical debts landing on their credit reports.
MHA’s Endorsed Business Partner (EBP) program brings organizations to MHA’s members that can contribute to advancing the health of Minnesotans. These innovative organizations provide unique value-added products and services to hospitals and health systems. Each Endorsed Business Partner is rigorously vetted so that specific member needs are addressed by partners who bring proven value.
Department of Health and Human Services Office of Inspector General Issues Game-Changing Advisory Opinion
Advisory Opinion #20-04 Allows Hospitals to Donate or Sell Medical Debts Directly to RIP Medical Debt for the Purpose of Abolishing the Patient’s Liability.
$50 Million Grant Will Abolish Medical Debt in Communities Across the US and Aid in the Nation’s Economic Recovery from the Pandemic.
Regional not-for-profit health system and national nonprofit demonstrate that RIP Medical Debt’s abolishment model can be effectively leveraged directly by community-minded healthcare providers.
A national charity will for the first time buy medical debt, totaling $278 million, directly from hospitals, a push to speed financial relief to patients, many of whom shouldn’t have been billed at all under the hospitals’ financial-aid policies.