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What will be the primary method used by local governments to address medical debt by December 31, 2024?
2
Resolution / Starting Odds
Buying and retiring debt • 25%
Providing direct financial assistance • 25%
Implementing local legislation • 25%
Other methods • 25%
Reports from local government announcements and news sources
Story
Biden Announces Plan to Eliminate Medical Debt in First 100 Days, Remove from Credit Reports
Jul 12, 2024, 08:21 PM
President Joe Biden has announced a plan to eliminate medical debt in the United States, a significant issue affecting millions of Americans. The initiative aims to remove medical debt from credit reports for over 15 million people, potentially raising their credit scores and improving access to homeownership and business opportunities. This move follows recent changes that have reduced the influence of medical debt on credit reports. The Senate Health, Education, Labor, and Pensions (HELP) Committee is also actively discussing ways to address medical debt, with lawmakers and federal agencies proposing various solutions. Additionally, some local governments are exploring the option of buying up medical debt at a discount and retiring it. Despite these efforts, experts argue that more comprehensive measures are needed to address the root causes of medical debt, such as high healthcare costs and lack of Medicaid expansion in certain states. Biden stated this will be a priority in the first 100 days of his second term. The CFPB is also moving to ban medical debt from credit reports. The Senate hearing on Thursday highlighted these ongoing efforts.
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Yes • 50%
No • 50%
Debt restructuring • 25%
Increased central government funding • 25%
Issuance of new bonds • 25%
Other methods • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
At least 3 states announce similar programs • 25%
1-2 states announce similar programs • 25%
No other states announce similar programs • 25%
Other responses (e.g., criticism, different approaches) • 25%
Cash • 25%
Cryptocurrency • 25%
Asset liquidation • 25%
Combination of methods • 25%
Improving Secret Service protocols • 25%
Legislative changes • 25%
Increased funding for security • 25%
Other • 25%
Significant positive impact • 25%
Moderate positive impact • 25%
No significant impact • 25%
Negative impact • 25%
Less than 1 trillion yuan • 25%
1 to 2 trillion yuan • 25%
2 to 3 trillion yuan • 25%
More than 3 trillion yuan • 25%
Federal Government • 25%
State Governments • 25%
Private Sector • 25%
Public-Private Partnerships • 25%
Reorganization • 25%
Sale of assets • 25%
Liquidation • 25%
Other • 25%
Fully adopt recommendations • 25%
Partially adopt recommendations • 25%
Reject recommendations • 25%
No official response • 25%