The problem with Biden’s medical debt cancellation plan

Published July 18, 2024 1:59pm ET



The Biden administration’s creepy old white van is circling the neighborhood again, offering voters free candy if they’ll just climb inside. This time, Biden officials are using medical debt cancellation to entice their victims. 

Earlier this year, the administration proposed a new rule under the Consumer Financial Protection Bureau that would prohibit medical debt from being included in a person’s credit score. At that time, President Joe Biden’s team claimed medical debt was a poor predictor of whether someone is likely to repay a loan and that people should not be blocked from renting an apartment or getting a car loan due to these balances. 

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