Newswise — Medical debt will no longer appear on credit reports starting in March.
The new rule from the Biden administration will get rid of $49 billion in medical debt from credit reports of 15 million Americans, which can hinder people from getting mortgage loans, car loans, and small business loans.
According to data by , one in 12 U.S. adults had medical debt as of 2021.
The George Washington University has experts available who can provide insight on this new rule. If you would like to schedule an interview, please contact Katelyn Deckelbaum, [email protected]
is the Harold and Jane Hirsh Associate Professor of Health Law and Policy at the GW Milken Institute School of Public Health. She is a nationally recognized expert in health law and policy and can discuss access to healthcare, insurance and other issues.
is associate dean for Clinical Practice and Community Engagement in the GW School of Nursing and the executive director for the Center for Health Policy and Media Engagement.
, is a professor in health policy at the George Washington University School of Nursing with a joint appointment at the Milken Institute School of Public Health in the Department of Health Policy and Management.
, assistant professor of public policy and public administration, is an economist with primary research experience in education and health, but also has interests in a variety of applied microeconomic and econometric topics. His teaching interests include microeconomics, econometrics, impact evaluation, and the economics of education.
, is the Alexander Hamilton Professor of Business Law at the George Washington University Law School. Richman is an expert in healthcare policy law. Author of the book, , Richman is a frequent writer on healthcare issues and medical debt in America. Richman says there’s “Lots of legal implications, especially (a) state court rules to make medical debt especially costly on patients, and (b) medical debt is a consequence of how medical services are billed. It’s a product of the broader financing system.”
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