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Loans, medical debt and credit card debt are generally all able to be discharged through bankruptcy. Tax debt, alimony, spousal or child support and student loans are all typically ineligible for ...
These criticisms were partly borne out in the months following the new law, as lawyers have reported that the bankruptcy process has become significantly more arduous, forcing them to charge higher fees and take fewer clients. [30] One criticism of the law was that the law made the discharge of liability for medical bills more difficult. [31]
As part of the American Rescue Plan, the White House intends to pay off $7 billion in medical debt by the end of 2026. State and local governments have also implemented similar plans.
Laws applied Section 523(a)(6) of the Bankruptcy Code; 11 U.S.C. § 523(a)(6) Geiger , 523 U.S. 57 (1998), was a United States Supreme Court case in which the Court ruled that debt arising from a medical malpractice judgment, attributable to negligent or reckless conduct is dischargeable under the Bankruptcy Code.
Indeed, almost half of U.S. adults (41%), or more than 100 million people, have been burdened with medical bills they can’t foot, per analysis from a KFF Health News investigation with NPR and ...
As these medical fees continue to rise and out-of-pocket expenses continue to grow, Americans are at much higher risk of falling into medical debt whether insured or not. [22] In May 2023, President Biden publicly discouraged all Americans from using medical credit cards to pay for their medical bills due to the credit cards' high interest ...
For many, the cost of life-saving care is too high, and medical debt is the No. 1 cause of bankruptcy in America. That is to say nothing of the emotional labor of navigating the complex system.
According to data reported by The Henry J. Kaiser Family Foundation in 2017, 45% of non-elderly adults do not have medical insurance because of cost. [2] Those who are "medically indigent earn too much to qualify for Medicaid but too little to purchase either health insurance or health care."