US proposes banning medical debt from credit reports, VP Harris says By Reuters

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(Reuters) – Forthcoming regulations will remove medical debt from the credit reports of tens of millions of Americans, U.S. Vice President Kamala Harris announced Tuesday.

© Reuters. U.S. Vice President Kamala Harris gestures as she speaks during a campaign event at Girard College in Philadelphia, Pennsylvania, U.S., May 29, 2024. REUTERS/Elizabeth Frantz/File photo

The proposed regulations come as Joe Biden’s administration works to tout its economic policies ahead of November’s elections. Economic stimulus funds are also currently being used to eliminate $7 billion medical debts held by nearly 3 million Americans, according to the Vice President’s office.

“Medical debt makes it more difficult for millions of Americans to be approved for a car loan, a home loan or small business loans, all of which in turn makes it more difficult to just get by,” Harris told reporters.



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