About 16 million people (6% of U.S. adults) owe more than $1,000 in medical debt, and 3 million (1%) owe more than $10,000, according to KFF, the nonprofit health research organization.David Petkiewicz, cleveland.com
Health care bills are about to become far less threatening to the financial well-being of millions of Americans.
The three major credit bureaus are erasing most medical debts from people’s credit reports, and the Biden administration is reducing or eliminating medical debt as a factor in government lending decisions.
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