4sight Health September 11, 2024
Any story about medical debt is inherently negative. I get it, and I love it. As a journalist, I’m inherently a glass-half-empty kind of person. But as I’ve mentioned before, when I do see good news, I’m compelled to write about it. Even medical debt.
The Consumer Financial Protection Bureau earlier this month came out with its latest annual report on the Fair Debt Collection Practices Act. Buried in the 54-page report are two pieces of good news.
First, consumers are complaining less about medical debt. Last year, consumers filed 7,000 actionable complaints about medical debt to the CFPB. That represented 11% of all actionable complaints in 2023. That’s down from 8,500 actionable complaints about medical debt in 2022. Medical...
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