Is Medical Debt a Predictor of Auto Loan Debt?

The Urban League has put out a great interactive tool that shows debt in America. When you look at the maps showing the most amount of different types of debts, there is a strong correlation between those parts of the country where medical or auto loan debt is higher than average. The darker the color, … Read more

Under Proposed Senate Health Care Law Prepare to Be Medically Bankrupt

The Senate has just unloaded their new proposed health care law which promises to repeal and replace Obamacare. Putting political opinions aside, a review of the numbers from the Congressional Budget Office paints a terrible picture for many American’s and older citizens. Under this new bill the brunt of the cuts is to be felt … Read more

Medical Debt Leads to Bankruptcy, Collection Calls, Debt You Don’t Owe and Credit Report Errors

A leading consumer group, OSPIRG, released the ninth in a series of reports that review complaints to the Consumer Financial Protection Bureau (CFPB). The latest report explores consumer complaints about medical debt, a major source of problems for consumers, since medical debt items on credit reports are often wrong or about the wrong consumer. The … Read more

Lifesaving Flights Can Come With Life-Changing Bills

Butte is an old mining town, tucked away in the southwest corner of Montana with a population of about 34,000. Locals enjoy many things you can’t find elsewhere — campgrounds a quick drive from downtown and gorgeous mountain ranges nearby. But in Butte, as in much of rural America, advanced medical care is absent. People … Read more

For Nonprofit Hospitals Who Sue Patients, New Rules

by Paul Kiel ProPublica, Jan. 15, 2015, 10:33 a.m. Last month, ProPublica and NPR detailed how one nonprofit hospital in Missouri sued thousands of lower income workers who couldn’t pay their bills, then seized their wages, all while enjoying a big break on its taxes. Since then, the IRS has released long-awaited rules designed to … Read more

A Million Consumers Victims of GE CareCredit. Refunds to Follow.

The Consumer Financial Protection Bureau (CFPB) has taken action against GE Capital Retail Bank for allegedly taking advantage of consumers through their medical debt financing program. Today the Consumer Financial Protection Bureau is ordering GE Capital Retail Bank and its subsidiary, CareCredit, to refund up to $34.1 million to potentially more than 1 million consumers … Read more

Stop Gambling With Your Debt. Get Health Insurance.

People who don’t like to gamble and think it is stupid, gamble every single day with the biggest debt they may ever owe. But then again people are not the most logical creatures. Some would no more consider wasting money on lottery tickets because the odds of winning are so low but they gamble by … Read more

Those With Cancer Nearly Three Times More Likely to File for Bankruptcy

A recent study found adults diagnosed with cancer are 2.65 times more likely to file for bankruptcy while bankruptcy filings are as much as five times higher among your cancer patients. According to the study, led by Scott Ramsey, MD, PhD, an internist and health economist at the Fred Hutchinson Cancer Research Center in Seattle, … Read more

Consumers Tricked Into Buying Subpar Health Insurance

The Federal Trade Commission charged a telemarketing operation with bilking millions of dollars from thousands of consumers by tricking them into buying what they believed was comprehensive health insurance, when in fact they had paid for something decidedly less. At the FTC’s request, a federal court stopped the defendants from marketing or selling any products … Read more

I’m Struggling with Stress and Can’t Afford All My Bills. Should I Apply for SSI? – Lauren

“Dear Steve, I am unemployed 26 years old with a bachelor’s degree I cannot use in my area. I have been under mental stress lately by going in and out of hospitals and cannot seem to bring myself to paying bills. I have been told to file an SSI claim but does that have certain … Read more

Community Health Centers: Free or Low Cost Health Care is Just Waiting for You

Finding affordable health care is a challenge for many people, with and without insurance. People often go without necessary preventative or regular care and medical problems fester and become much worse. Much worse can be translated into much more expensive. Or people use the emergency room as their primary care treatment option, only to wind … Read more

Consumer Billing and Debt Safeguards Under Obamacare / Affordable Care Act

Like it or not, the Affordable Care Act is the law of the land now and it’s time to start really understanding what the Act provides consumers. While you might have had a visceral reaction to the law, a review of the 974 page compilation of patient protection under the Act brings some favorable safeguards … Read more

Simplee – Helping to Manage Your Health Insurance

My husband and I are pretty healthy and our doctor visits had been limited to yearly check-ups and an out of the blue visit when a cold wasn’t going away. This year has been a bit different for us in terms of using our health insurance. Besides getting my check-up I also had to go … Read more