How Federal Ruling To Wipe Medical Debt From Credit Reports Disproportionately Helps Black People
How Federal Ruling To Wipe Medical Debt From Credit Reports Disproportionately Helps Black People
The Consumer Financial Protection Bureau's new rule removing medical debt from credit reports disproportionately helps Black people.
An odd way to state that African Americans have disproportionately high amounts of medical debt; if anything, it's an indicator of unequal access to economic opportunities that let people afford expensive medical treatments.
Therefore, rather than shifting the narrative into one of handouts, a better solution would be to make progress on reducing the country's inflated medical costs—the result of capitalism being applied to the inelastic demand for essential medical services.
Sorry I'm a conservative so if it helps black people it's the devils work
I wish I could make the /S bigger here
Before reading the article I'm guessing they are over-represented in a combination of medical debt and lower credit scores.
What a f****** terrible way to write a headline. But at least the author is honest about their political views.
I’m not sure I follow. What are their political views?
Edit: you all assumed this was some right wing rag upset about this but it’s literally a self-described Black news site praising it
Oh no
I don’t care who it disproportionately helps, this is a major win for society as a whole. Now do student loans next
The point is that it addresses a historic inequality. We should care about addressing those
Time to celebrate a first.
Conservatives find a way to roll it back, even if it means hurting white people too, in 3...2...1...
Even if I were to take the headline at face value. “The other people get more relief than you do!” Okay, I have had shit tons of medical debt. Times I had to make a payment plan. You telling me there is a group defined by race that have it even worse. Well I am shocked to learn that /s.
This doesn’t wipe the debt so no one is in the clear. It just doesn’t hurt your credit so you can actually still apply for the better place or a new home. Chill the f out you asshats.
On Tuesday, the Consumer Financial Protection Bureau (CFPB) announced a new federal rule aimed at removing medical debt from the credit reports of millions of Americans.
Will be undone by the next administration in just over a week. Not concrete enough.
Willing to put money where your mouth is on that timeline?
I think it needs to be really clear that this is not actually removing the debt, as in it would no longer have to be repaid, but rather just taking it off of the credit report. The people with the debt are still required to pay the debt.
Even if one has conservative political viewpoints, I do not think that removing health related information from a credit report should be an issue for anyone. And the debt will still have to be paid off no matter whether it is removed from the report or not, so it is not a government hand out of money.