Why the move by the Consumer Financial Protection Bureau (CFPB) may raise the stakes for medical collections — and what you can do about it. Opening: The scenario you didn’t expect You come out of surgery, or a hospital stay, or a long‐overdue specialist visit. You’re relieved to have gotten care. But then you open …
You think Medicaid cuts won’t affect you? Think again. When hospitals lose funding, your bills skyrocket, your insurance premiums climb, and Grandma might be moving in. This isn’t just about “other people”—it’s about your wallet, whether you realize it or not. In this episode, I break down exactly how these cuts will body slam your …
The Ripple Effect: Higher Medical Bills for All of Us If you don’t care about learning more, that’s the one fact I want you to burn into your brain. Medicaid cuts will hit every wallet and family bank account. This isn’t a red or blue issue. This is a you issue. 🚨 The Silent Threat …
This is a subject that hits far too close to home. Nursing home and assisted living debt and bills. The Consumer Financial Protection Bureau (CFPB) released an Issue Spotlight highlighting some of the difficulties and experiences heard from caregivers about being pursued over friends’ or family members’ alleged debts from nursing home facilities. Based on the …
A report issued today by the Consumer Financial Protection Bureau (CFPB) examines the financial consequences of medical billing and collections endured by individuals and families across the country. The report draws from the rising volume of medical billing and collection complaints submitted to the CFPB. The CFPB is using today’s research to strengthen its across …
Darcel Richardson knows she’s fortunate in one sense: She still has her job as a vocational counselor in Baltimore. But despite that, she won’t be able to make her rent payment this month because she’s not getting her full salary for a while. More than $400 per biweekly paycheck — about a quarter of her …
Emergency room doctors and nurses many of whom are dealing with an onslaught of coronavirus patients and shortages of protective equipment — are now finding out that their compensation is getting cut. Most ER providers in the U.S. work for staffing companies that have contracts with hospitals. Those staffing companies are losing revenue as hospitals …
Covid-19 has spread throughout the globe and is now in the United States. The question now is: How prepared are Americans, and how worried are they about the flu-like disease that originated in Wuhan, China? ValuePenguin surveyed more than 1,000 Americans about the coronavirus outbreak, including questions about their worries, how much they have spent …
The coronavirus, AKA COVID-19, might be more life-threatening to the those who least suspect and the old but the life implications might just kill the financial lives of a wide swath of people. Year-after-year the warnings come out about how much people save for an emergency. The results are never good. Bankrate reported in 2019 …
By Rajashri Chakrabarti and Maxim Pinkovskiy Getting health insurance in America is intimately connected to choosing whether and where to work. Therefore, it should not be surprising that the U.S. health insurance market may influence, and be influenced by, the market for higher education—which itself is closely tied to the labor market. In this post, …