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Market
Impact of Medical Debt Cancellation on US credit scores by end of 2025
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Resolution / Starting Odds
Significant improvement • 33%
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Reports from major U.S. credit bureaus
Story
Sanders, Khanna, Merkley, Tlaib Propose Bill to Cancel $220 Billion U.S. Medical Debt
May 8, 2024, 05:52 PM
U.S. Senator Bernie Sanders, along with Senator Jeff Merkley and Representatives Ro Khanna and Rashida Tlaib, have introduced a bipartisan bill titled the 'Medical Debt Cancellation Act'. This legislation aims to eliminate all $220 billion in medical debt held by Americans. It proposes a federal grant program to cancel these debts, prevent creditors from collecting on past medical bills, and remove such debt from individuals' credit reports.
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