Hospitals and other health care providers in New York would be banned from reporting medical debt to credit agencies under a bill passed this week by the state’s legislature.
The New York legislature passed a bill banning health care providers from reporting medical debt to agencies that calculate your credit scoreColorado is the only other state to stop medical debt from being included on credit reports
Hospitals and other health care providers in New York would be banned from reporting medical debt to credit agencies under a bill passed this week by the state’s legislature — a measure intended to limit the damage that illness and injury can do to someone’s financial health. If signed by Gov. Kathy Hochul, the law would make New York the second state, after Colorado, to prohibit medical debt from being collected by credit reporting agencies or included in a credit report., but advocates say additional protections are needed.A bad credit report often means difficulty renting a house, buying a car, or securing a loan.
“Medical debt is different than other debt. It’s spontaneous. It doesn’t reflect someone’s credit worthiness,” said Assembly member Amy Paulin, a Brooklyn Democrat., lawmakers have introduced legislation aimed at curtailing the financial burden that comes with medical debt. Some of those bills would keep medical debt from tanking credit scores and create medical debt relief programs, while other proposals would protect personal property from collections.
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