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MILLIONS of Americans will be relieved of their medical debt thanks to a new final ruling.
Nearly $50 billion in unpaid medical bills will be removed as the result of a “life-changing” move by the Consumer Financial Protection Bureau.
Americans will no longer be penalized for medical debt on credit reports, Vice President Kamala Harris revealed on Tuesday morning.
15 million Americans will see the removal of $49 billion in unpaid medical bills from their credit reports due to a financial ruling by the US government agency.
The Vice President also shared that several states and localities are utilizing funds from the American Rescue Plan to help eliminate more than $1 billion in medical debt for over 700,000 Americans.
“No one should be denied economic opportunity because they got sick or experienced a medical emergency,” Harris said.
“We also reduced the burden of medical debt by increasing pathways to forgiveness and cracking down on predatory debt collection tactics.”
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