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Bernie Sanders and Democratic Rep Ro Khanna launch campaign to wipe out medical debt
Bernie Sanders and Democratic Rep Ro Khanna launch campaign to wipe out medical debt
Progressives are beginning a new offensive on Capitol Hill: Taking on America’s staggering $88bn in medical debt. Headed up by the Bernie Sanders spinoff group Our Revolution, advocates around the country are gathering horror stories of instances where necessary procedures were blocked by insurance companies or, perhaps worse, approved with stipulations such as “out of network” classifications that can quickly (and often do) lead to lifesaving treatment becoming a financial death sentence. The group hosted a town hall led by executive director Joseph Geevhargese on Monday, where a number of Americans shared their own personal versions of ruin at the hands of medical debt collectors and hospital bills. Between 10 per cent and half of adult Americans are thought to carry medical debt in some form, with estimates widely varrying thanks to the complexities of tracking paid-off debts. Elizabeth McLaughlin, one woman who shared her account with participants of the town hall event on Monday, spoke about how treatment she received in 2017 has led to her taking on tens of thousands of dollars in credit card debt as she placed utility bills and other basic needs like groceries on lines of credit rather than face medical debt collectors. “I pass it from one [card] to another, and in the meantime I’m just grateful that I’m employed, and insured, and I can keep making the payments,” she explained. Another woman, Kristin Noreen, explained that she even filed for bankruptcy, only for her debt to immediately begin climbing into the thousands again thanks to tax obligations and other costs. Her treatment bills rose past $1m dollars after she was struck by a car on her bicycle and suffered grievous injuries, including the amputation of her hand, and now she explains that she has little chance of ever climbing out of her personal debt trap — even after her insurance paid for all but $60,000 of the treatment cost, and $50,000 of the remaining debt was handled by a charitable donation. The remaining $10,000 was still more than enough, coupled with the cost of years of therapy she says is “barely” covered by her Affordable Care Act plan, to leave her in financial desolation. “I’m back up to $10,000 on credit cards and as of last month, I have another $3,000 in debt to the IRS for prioritising my care over my estimated taxes. I’ve been denied disability and I work part-time from home as much as I’m able to,” she explained, while noting that if her pay increases from her part-time work, she is legally required to pay it towards Affordable Care Act subsidies rather than her own debt. Mr Sanders, along with a colleague in the House, Ro Khanna, reportedly plan to introduce legislation in the coming weeks aimed at addressing the issue — along with a nationwide campaign aimed at pressuring vulnerable lawmakers to get on board. Among the legislation’s priorities will be halting “predatory” debt collection practices and going after price gouging in medical billing. And while the demands in their upcoming legislation are small in comparison to Mr Sanders’s long-held desire to overhaul America’s for-profit healthcare system into a single-payer system aimed at affordability and access, the efforts by progressives to highlight the tragic cases of Americans consumed by medical debt likely aid in the left’s work to popularise the idea of major reforms and changes to the structure of America’s health system. Mr Sanders called for the elimination of all medical debt in the spring of 2022 after three leading credit agencies announced that they would no longer track paid-off medical debts when calculating credit ratings for Americans. “‘Medical debt’ and ‘Medical bankruptcy’ are two phrases that should not exist in the United States of America,” the senator said at the time. “Removing 70 percent of past-due medical debt from credit reports is a step in the right direction, and much more needs to be done. We must cancel all medical debt.” Read More Deal or default? Biden, GOP must decide what's on the table Black voters backing Biden, but not with 2020 enthusiasm House Republicans pressure Biden as they vote to raise debt ceiling in exchange for spending cuts
2023-05-10 06:26
Biden meets McCarthy, McConnell on U.S. debt ceiling
Biden meets McCarthy, McConnell on U.S. debt ceiling
WASHINGTON President Joe Biden and top Republican lawmakers met face-to-face on Tuesday as a deadlock over raising the
2023-05-10 05:59
Why we don't entirely know what would come after a US debt default
Why we don't entirely know what would come after a US debt default
The warnings about a US debt default are earnest and urgent. And yet, the specifics of when the US will cross the so-called X-date -- when the country could default -- and what will happen in the immediate aftermath are maddeningly vague.
2023-05-10 05:57
Tucker Carlson Says He’s Launching a New Show on Twitter
Tucker Carlson Says He’s Launching a New Show on Twitter
Tucker Carlson is starting a show on Twitter after being fired by Fox News. On Tuesday, Carlson posted
2023-05-10 05:50
Elliott Target Suncor’s New CEO Plans Long Stay at Helm
Elliott Target Suncor’s New CEO Plans Long Stay at Helm
Suncor Energy Inc.’s new Chief Executive Officer Rich Kruger came out of retirement to take the job. Now
2023-05-10 05:49
Telegram calls Brazil disinformation law 'attack on democracy'
Telegram calls Brazil disinformation law 'attack on democracy'
Messaging app Telegram warned Tuesday that "democracy is under attack in Brazil," the latest salvo by tech companies opposed to a bill...
2023-05-10 05:47
Minnesota prepares for near-total ban on 'forever chemicals'
Minnesota prepares for near-total ban on 'forever chemicals'
Minnesota is on the verge of banning non-essential uses of “forever chemicals.”
2023-05-10 05:30
Occidental Buys Back 6.5% of Warren Buffett’s Preferred Stock
Occidental Buys Back 6.5% of Warren Buffett’s Preferred Stock
Occidental Petroleum Corp. redeemed $647 million, or about 6.5%, of Berkshire Hathaway Inc.’s preferred stock as the oil
2023-05-10 05:25
Airbnb sees record bookings despite recession fears
Airbnb sees record bookings despite recession fears
Airbnb on Tuesday reported strong revenue growth and a new record for bookings during the first three months of the year, in a sign that demand for travel remains strong despite lingering recession fears.
2023-05-10 05:21
Steve Schwarzman Holds Off Giving Money to DeSantis After Meeting Him
Steve Schwarzman Holds Off Giving Money to DeSantis After Meeting Him
Steve Schwarzman will hold off donating money to Ron DeSantis for now, after a meeting with the expected
2023-05-10 04:59
MLB, players finalize collective bargaining deal through '26
MLB, players finalize collective bargaining deal through '26
Major League Baseball and the players’ association finalized their collective bargaining agreement through the 2026 season, 14 months after reaching a memorandum of understanding for a deal that ended a 99-day lockout
2023-05-10 04:57
Virgin Galactic Misses on Revenue as It Plans Return to Flight
Virgin Galactic Misses on Revenue as It Plans Return to Flight
Virgin Galactic Holdings Inc. broadly missed estimates for the first quarter as the space-tourism company plans commercial flights
2023-05-10 04:52
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