Posted on 07/13/2024 3:10:55 PM PDT by Red Badger
Biden said this week that he is going to wipe out everyone’s medical debts. “I’m going to end medical debt. We’ve already made sure medical debt can’t be put on your credit report. We can wipe out medical debt for pennies on the dollar.”
The only way to do this is to tell companies they won’t get paid. Does he realize he will bankrupt the companies? If people think the system is problematic now, just wait.
(Excerpt) Read more at independentsentinel.com ...
The second amendment was meant for that purpose.
No one’s listening anymore, send Joey back to his nap.
“We can wipe out medical debt for pennies on the dollar”
Medical debt is commonly sold to debt collectors at a steep discount to face value.
Biden probably wants the federal government to have step-in rights.
Let’s say Mrs. Patient gets billed $100,000. Medicare might pay $16,000 on care that costs the hospital $15,000.
The hospital might then sell off $700,000 of face value debt for $105,000 (~its cost).
Biden might be proposing to have the government then buy that debt for its Medicare value ~$112,000.
AS he brings in tens of millions of illegals and gives them free care.
I believe Michigan law prevents the sale of medical debt.
Any state could do the same. All states could do the same. All states could be incentivized by the federal government to do the same.
Paid for with inflation. It’ll really hit after the election of course.
Anesthetic gases are commercial products.
Prescription medications are commercial products.
Imaging machines are commercial products.
The federal government has complete Article I, Section 8 power over commercial products.
Try practicing medicine or running a hospital without the use of anesthetic gases, prescription medications or imaging machines.
Yup. And the welfare mentality crowd will believe this poo and cast a vote for Biden.
Right after he takes my tiny SSI and my medicare…..
This is of interest to me as I had a bill put into collections while I was waiting for financial assistance and it hit my credit immediately. But it was removed instantly once the bill was covered. So you’re saying I simply need to write the collection agency contesting the collection?
I believe the details may vary by the state you are in.
In florida, for example, if you receive a bill for medical services and you know you can’t pay it, if you send a letter to the provider stating that you cannot pay the bill but that you want to work out payment terms, they are not allowed to turn it over to collection. I’m not clear on your options after it’s gone to collection. But I believe you can dispute it and demand that they not Mark your credit.
But I do know this, the key to your communications is a paper trail. Certified return receipt mail is good, a FedEx envelope is better, much better.
Some years ago I received a collection letter from a collection agency obviously, on an unpaid bill that I never received because it was never sent. And the collection letter came years after the disputed bill. I eventually won out, but the key here is I sent a letter FedEx, told them I was disputing the collection and that they had no legal right to put a mark on my credit. When they get a letter that way rather than a phone call it puts them on notice that you are serious and that you are creating a good paper trail for further legal action if necessary. That will serve you well.
Raised three kids self employed without medical insurance. The key is to save the “premium” yourself. If an incident is needed, pay the hospital cash, Medicare agreed pricing plus a negotiated percentage (10% was sufficient).
You can’t do that now,
“Says more about him than it does her...........”
Probably had several hundred grand in college loans.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.