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, …
It’s scary to receive a medical bill that’s costlier than expected. Medical debt can sometimes lead to bankruptcy and hurt things like your credit score and ability to buy a home. Some let the payment notices pile up unopened because they’re afraid of the cost. It’s human nature to avoid unpleasant news, said Annelise Moss Bretthauer, certified …
Lauren Bard opened the hospital bill this month and her body went numb. In bold block letters it said, “AMOUNT DUE: $898,984.57.” Last fall, Bard’s daughter, Sadie, had arrived about three months prematurely; and as a nurse herself, Bard knew the costs for Sadie’s care would be high. But she’d assumed the bulk would be …
It’s that time of year again, when we see the colors changing all around us. Not the reds, oranges, and yellows of the fall foliage — we’re talking about the explosion of pink ribbons, T-shirts, and merchandise that sprouts up every October for national breast cancer awareness month. Launched in 1985, the month is focused …