The Consumer Financial Protection Bureau's Director Rohit Chopra is making a sweeping change to address medical debt that now touches some 100 million Americans, and the new rules are expected to be unveiled later this year.
Under pressure from patient advocates and government regulators, credit agencies have taken steps to remove some medical debts from credit reports, but this could be costing physicians nationwide potentially billions of dollars.
The Consumer Financial Protection Bureau is developing rules to bar unpaid medical bills from affecting patients' credit scores, however, industry leaders are questioning why medical providers are being singled out in their billing.
For the health system to endure, physician groups and hospital systems might look more closely at the bills they send patients and the collection tactics they use or health insurers might reconsider the HDHPs they sell.
Human Rights Watch, an international non-governmental organization, takes aim at the U.S. and calls for stronger government action to protect Americans from aggressive debt collection by nonprofit hospitals, in a new report.