Medical Debt Collections Could Rise If ACA Is Repealed or Overhauled

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Medical Debt Collections Could Rise If ACA Is Repealed or Overhauled

Feb, 1st 2017

The study by the Consumer Financial Protection Bureau found that 59% of people who reported they had been contacted by a debt collector said it was for medical services. Telecommunications bills were the second most common type of overdue bill for which debt collectors pursued payment, at 37%, and utilities were third, reported by 28%.

Unlike other types of debt, people with medical debt were prevalent across a range of income levels, credit scores and ages. The survey sample was drawn from the CFPB's consumer credit panel, a random sample of credit records from one of the three major credit reporting agencies.

Conducted between December 2014 and March 2015, the survey...

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