Credit reporting agencies are removing nearly 70% of medical debt from consumer credit reports. What we really need is Medicare For All.
By Ramishah Maruf, CNN
Three of the country’s largest credit reporting agencies are removing nearly 70% of medical debt from consumer credit reports, the companies announced in a joint statement Friday.
Equifax (EFX), Experian (EXPGF) and TransUnion (TRU) will eliminate billions of dollars from the accounts of consumers who faced unexpected medical bills that they were unable to pay. The three firms said they made the move after months of research.
“Medical collections debt often arises from unforeseen medical circumstances. These changes are another step we’re taking together to help people across the United States focus on their financial and personal well-being,” the companies said in a joint statement.

The announcement follows research from the Consumer Financial Protection Bureau showing that Americans had racked up $88 billion in medical debt on consumer credit records as of June 2021. It’s the most common debt collection credit account on credit records, the CFPB said.
Medical debt can be volatile and unpredictable, and can negatively affect many financially secure consumers. Black, Hispanic, young and low-income consumers are most likely to be impacted by medical debt, the bureau said.
Recent Posts
Visits Of Justice: Stella Assange’s Plea To Australia
May 29, 2023
Take Action Now “Julian is lying in his cell, probably awake and struggling to fall asleep. It’s where he spends twenty-two hours a day, every…
No Parade For Me: On Getting Memorial Day Wrong
May 29, 2023
Take Action Now The days has too often and for too many become an expression of faux patriotism that further exploits the sacrifices of the slain and…
What Can I Do To Prevent Nuclear War? You Can Shout ‘No’ Now!
May 28, 2023
Take Action Now We’ve done 31 War Abolition Walks in Madison since April 2022 to call for an end to the war in Ukraine, and all war. By Janet…
Henry Kissinger, War Criminal, Is Somehow Still Alive
May 27, 2023
Take Action Now Much of the world views Kissinger as a war criminal – yet in the US, surrounded by powerful friends, he is feted as a…