The Silent Burden: How Removing Unpaid Medical Bills from Credit Reports Could Help Consumers but Strain the Healthcare Industry
by Michael N. Brown In a significant move aimed at alleviating financial stress, major credit bureaus—Equifax, Experian, and TransUnion—recently announced that they will remove many unpaid medical debts from credit reports. However, this decision is not purely voluntary; it comes in response to congressional action aimed at reducing the financial burden of medical debt on…