Making Medical Debts ‘Disappear’ Misguided

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The Biden administration proposed a rule this month that would remove medical debt from credit reports. It’s sure to be popular, if for no other reason than that it’s expected to boost credit scores for the more than 15 million people with such debt by an average of 20 points.

But as with so many of President Joe Biden’s signature health reforms, his latest ploy fails even the most basic cost-benefit analysis.

Implicit in the proposal are two assumptions.

Click to read the full article in Newsmax. 

Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.

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