Medical Debt. NU 508 – Healthcare Policy, Finance & Organization May 6, 2010 Tracy Hill Tricia Neis Miriam Slaugh Allison Veeder. PROBLEM Identification. Medical Debt: unpaid medical expenses owed to a health care provider, hospital, pharmacy, laboratory or medical supply company.
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NU 508 – Healthcare Policy, Finance & Organization
May 6, 2010
Medical Debt: unpaid medical expenses owed to a health care provider, hospital, pharmacy, laboratory or medical supply company.
Medical Debt affects:
(Zeldin & Rukavina, 2007).
and adults with chronic illness skip medications because of finances
( Zeldin & Rukavina, 2007).
(Seifert & Rukavina, 2006)
HR 3421, The Medical Debt Relief Act
1.Requires medical debt that is fully paid off or settled to be removed from the individual’s credit record within 30 days.
2. Goal is to prevent individual credit scores to be compromised by medical debt
Expanding health care coverage for more individuals and families will prevent medical debt.
Eliminating pre-existing clause
1.Likelihood of eliminating medical debt and implementing universal healthcare, by acknowledging that the healthcare system is inefficient and inaccessible for many.
2.Size and availability of funding options for reducing or eliminating medical debt.
3. Ability of current policies to meet current and future demand for medical debt relief to consumers.
4. Political feasibility of reducing and eliminating medical debt.
Criteria 4 -
Patients not informed about the availability of financial assistance programs.
Criteria 2 –
Not likely to be accepted by policy makers.