Bureau aims to reduce harm from medical billing errors
Officials with the Consumer Financial Protection Bureau will be
working with credit reporting organizations to ensure credit reports are not
used unfairly to coerce people into paying medical bills that are inaccurate or
contain errors and will consider whether medical billing information belongs on
credit reports. Around 43 million credit reports contain a medical collection
tradeline, billing errors are common and difficult for consumers to resolve,
and patients with an emergency or chronic illness may be unaware of the prices
they're agreeing to pay or agree to pay anything out of desperation, according
to a CFPB report.
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