Friday, December 12, 2014
If there is any one reason to support Obamacare, this is it
If there is any one reason for Obamacare (ACA), this is it. The ACA will not eliminate debt because there are still deductibles some will be obligated to pay, but fewer will go insurance naked, some states still have not extended Medicaid to the near poor who do not have enough income to qualify for ACA insurance, and some ACA plans have high deductibles. From the New York Times Dec. 11, 2014: "One in five American consumers — 43 million people — have blemishes on their credit reports because of overdue medical bills, while medical debtsmake up more than half of collection items on credit reports, according to a newly released federal report.
The Consumer Financial Protection Bureau released the report Thursday ahead of a public hearing on medical debt collection in Oklahoma City. "