The Obama Administration should Pass regulatory reform of how Health Care Bills are reported to Credit reporting agencies. By mandating that health related bills, be exempt from credit reports, the Administration will protect individuals from negative impacts on their credit and will help reduce the cost of healthcare.
Credit Reports should be limited to those decisions or choices consumers knowingly make. (Mortgages, Car Loans, Student Loans) Health Related bills, more often are not of choice, instead these bills often are from events at no fault of the person.
By exempting these bills from Credit Reports, the Government will:
1. Ensure that individuals are protected from bankruptcy, from events out of their control.
2. Will help reduce the cost of healthcare, when doctors and other me