4sight Health October 29, 2024
Medical debt haunts millions, lurking in credit reports and reducing access to essentials like housing and business loans.
Could medical debt be banished from credit reports, freeing Americans from its lasting shadow? These phantasms are already looming in places like Cleveland and New Orleans, where communities have been exorcising this financial burden from their citizens’ lives with funds from the American Rescue Plan. The cumulative impact is both substantial and immediate, as those freed from debt emerge with improved financial mobility, ready to buy homes or start businesses rather than continuing to live with the debt monster under the bed.
Just as a ghostly apparition fades when its tether to the earthly realm is severed, so too would medical debt’s...