Recently all of the major credit bureaus said that they were changing the way that they treat medical debt, both long term and short term, so that it will no longer be a drag on an individual credit rating. They realize that not being able to pay for expensive private health care shouldn’t ruin the rest of your life.
But the real question should be: why do we have medical debt? Shouldn’t Americans have national single payer health care that provides for their needs and shields them from medical debt?
Whoa? Radical idea? Well, no it isn’t. The United States is essentially the only nation in the developed world without a national health care program. There should never ever be personal medical debt that an American citizen nor a credit bureau should ever give a moment’s concern about.