Medical Bill off reports

I recently heard that the current administration is considering removing medical debt from credit reports. That is an interesting twist. If these bills are not reported anywhere, would you still pay them?

What about someone who might have only so-so credit? What does looking the other way on medical debt due? Well there will be additional home buyers entering into the home purchase pipeline. If more buyers are created, yet the inventory stays the same, what do you suppose is going to happen to real estate prices?

So for all the folks who are considering calling it quits. I am not certain now is a great time yet. Do I think avoiding responsibility and accountability is a good idea? Not at all.

--24.101.xxx.xxx

Medical Bill off reports (by NE [PA]) Posted on: Jun 20, 2024 9:49 PM
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I already ignore medical collections. I’m sure other businesses do as well. --174.231.xx.xx

Medical Bill off reports (by Gene [OH]) Posted on: Jun 20, 2024 11:58 PM
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I've had high deductible health plan and understand if someone might have some hefty medical bills as a result of some major illness. What I don't ignore is when there are multiple little medical bills that they are not paying. The little bills show me that they don't care to pay their bills. --99.165.xx.xxx

Medical Bill off reports (by Richard [MI]) Posted on: Jun 21, 2024 6:50 AM
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Gene (OH),

You've made a great observation/deduction there. --172.58.xxx.xx

Medical Bill off reports (by Nicole [PA]) Posted on: Jun 21, 2024 8:36 AM
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I still help two elderly relatives with day to day life. Both have A LOT of money. Both have collections for medical debt. Do I care? Nope because neither actually ever had a credit score due to absolutely no debt, ever.

One the issue is the local large medical provider and the V.A. Bills are covered by the VA but the hospital/medical system doesn't send many of them in. They go through the regular medicare system and then copays and balances show up. I make two phone calls to give them the VA authorization number and say to rebill. I've gotten several letters stating something about them repaying the medicare system. Anyway, after two phone calls, I quit. Then, when I ignore the collection calls and letters, eventually a collection agency letter arrives. I send them, in writing, a copy of the VA authorization letter and I go silent again. Not my job to assist this multi bazillion corporation (medical facility) do their job correctly.

Those who have never dealt with long term illness and medical system have absolutely NO idea of the nightmares of bills showing up two years after someone passes away, miscoding of services, etc --98.237.xxx.xx

Medical Bill off reports (by WMH [NC]) Posted on: Jun 21, 2024 9:26 AM
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We have Medicare and thank goodness BCBS Medigap insurance rather than an Advantage plan. It means I can cross state lines for care - if I didn't have it, when I got sick I would have had to travel hours to stay in-state even though I live 45 minutes from Virginia, which is full of medical facilities.

If we did not have that extra insurance, we'd be swimming in medical bill co-pays right now. Instead I paid OOP about $250. My tenant does not have it and he is both traveling and paying $$$$$ OOP for a heart condition.

So I am sympathetic because medical is one thing you cannot plan or possibly save enough for...

--173.28.xx.xxx

Medical Bill off reports (by Ray-N-Pa [PA]) Posted on: Jun 21, 2024 11:03 AM
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If they don't report medical co-pays anywhere - why have the copay insurance?

--24.101.xxx.xxx

Medical Bill off reports (by Ray-N-Pa [PA]) Posted on: Jun 21, 2024 11:06 AM
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The observation that I am making is the pool of potential buyers is going to get a tad bit deeper. So before anyone punches out of the market today think that today is the exact day the market is at its peak, the government can change that with just a pen and paper. - and then of course blame us for the consequences if they turn out bad --24.101.xxx.xxx

Medical Bill off reports (by NE [PA]) Posted on: Jun 21, 2024 11:11 AM
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Exactly Ray. The government has you in their hands. They can turn on and off your livelihood with the whip of a pen. --174.249.xx.xxx

Medical Bill off reports (by MikeA [TX]) Posted on: Jun 21, 2024 12:10 PM
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Yes, I read a report that a lot of the smaller hospitals are extremely concerned. They are already living on the edge of solvency and this will likely put them out of business when people have no incentive to pay. The net result will be many smaller and rural communities will lose their local hospitals. There are consequences when the government tries to help. --209.205.xxx.xx

Medical Bill off reports (by NE [PA]) Posted on: Jun 21, 2024 12:29 PM
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Get rid of medical insurance, let the prices go back down to what the common man can pay and things will change. Right, John?….. John? --24.152.xxx.xx

Medical Bill off reports (by 6x6 [TN]) Posted on: Jun 21, 2024 12:39 PM
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Getting back to this. --76.129.xxx.xx

Medical Bill off reports (by Allym [NJ]) Posted on: Jun 21, 2024 3:32 PM
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I too ignored medical arrears and collections. No one asked for those and eventually will pay toward them. I have Medicare and BCBS Medigap too. I refuse people who don't pay small store accounts and walk away from clothing store payments and other small glitzy things. Medicare Advantage is a ripoff as you can't choose your doctor. I live in a zipcode where all the people live who would like that cashback at the end of the day. So I get the phone calls from young women telling me they can get me cash back to use for groceries. If they checked my income they would see but they just check my zipcode. --173.61.xxx.xxx

Medical Bill off reports (by John... [MI]) Posted on: Jun 21, 2024 7:22 PM
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NE: I actually agree with most of what you've said here. We also ignore medical on reports. I'm fine with it not being part of someone's credit report or score.

And, yeah, I actually think prices likely would drop down for most of us here if insurance didn't exist. But the reality is that that will never happen. Insurance is huge in our capitalist society. You'll never be able to "get rid" of it. So the point on that is moot.

Also, there are lots of side effects that would not be good (but we might disagree on those). For example, people who need extremely expensive life-saving cancer treatments that some insurance may cover, but they could never cover from out of pocket regardless of how well they saved in life. I also think it would significantly impact lower-income people who couldn't afford even the normal procedures that we could. Finally, I think you'd fine a lot of doctors not willing to work for those lower, non-insurance rates.

So, it's not really a good solution, IMO -- even though I get where you are coming from and agree that it would help people like you and me in the long wrong as long as we didn't have some rare/catastrophic illness.

- John...

--75.128.xxx.xxx

Medical Bill off reports (by John... [MI]) Posted on: Jun 21, 2024 7:24 PM
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Typo: I meant: "I think you'd FIND a lot of doctors not willing to work for those lower, non-insurance rates."

--75.128.xxx.xxx

Medical Bill off reports (by John... [MI]) Posted on: Jun 21, 2024 7:24 PM
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Ha! Typo #2: I meant; "it would help people like you and me in the long RUN..." (not "long wrong").

--75.128.xxx.xxx

Medical Bill off reports (by zero [IN]) Posted on: Jun 22, 2024 9:54 AM
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My mother-in-law got cancer. She had no insurance as the place she worked for offered it or an extra dollar an hour. She opted for the cash.

My wife ended up calling all the doctors and places that she had to deal with and worked out payment plans. She ended up paying less out of pocked than I would have with my good insurance in place.

One place dropped the bill by 95% right off the bat. The money she still owed was set up to be paid as low as $5/mo. --107.147.xx.xx

Medical Bill off reports (by CJ [FL]) Posted on: Jun 22, 2024 11:16 AM
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Small rent here.

Insurance of any type is a money grab. It raises the prices on everything and satisfies no one when a claim is made, and slip and fall lawyers make a killing, and hospitals / minute clinics are on every other corner in medium and large cities due to insurance, roofers extort insurance carriers, etc, etc. scams abound due to those huge piles of money. Insurance was used 3-4 times to fix a house , that I personally know of, in a flood zone, on the same house near a creek here to the tune of $40k per occurrence, yet the place was fixed and reinsured again instead of it being condemned as too close to a body of water. That was money 20 years ago. The cost to repair would be $65k today, at least. Money flows in a big circle again and again in our system. No such thing as a small accident : “Don’t sign anything with your insurance company, they are not looking out for your best interests. “ Call us says the attorney on tv , other media, youtube! On and on. Anywhere there is money. Medicare fraud, etc., etc., you know the game. Insurance and money: it is played too well in this country. To all our detriment. --174.225.xx.xxx

Medical Bill off reports (by cj [FL]) Posted on: Jun 22, 2024 11:17 AM
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Small rant, that is…. --76.242.xx.xxx

Medical Bill off reports (by Stealth [NC]) Posted on: Jun 22, 2024 11:36 AM
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Right on CJ --174.212.xxx.xx

Medical Bill off reports (by NE [PA]) Posted on: Jun 22, 2024 11:44 AM
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Of course, it’s a scam. Have you ever seen a new hospital that wasn’t built like a Taj Mahal? Me either. They can’t tone it down a little bit and bring the prices down? Nope, why would they? Medical insurance and government bail out. There’s a hospital near me that’s building a new wing and literally doubling the size of an already gigantic campus. I wonder where they got that money from? It couldn’t have anything to do with the shenanigans the last few years, would it? --174.240.xxx.xx

Medical Bill off reports (by Sir Walter [NC]) Posted on: Jun 22, 2024 3:48 PM
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What Nicole and WMH hand Ally say is true. Medicare and supplemental insurer billing delays and non-responses can result in misinformation on a credit report. There is also delayed payment in personal injury cases. The personal injury attorney pays the bills out of any settlement and also attempts to negotiate lower fees from the provider. This can take months after the settlement is received. This information came from someone who had been hit by a wayward driver. So even multiple small medical bills can be pending a long time on a credit report.

In a tighter market, gotta figure out what to ignore and when to ignore medical debt. --5.182.xxx.xx

Medical Bill off reports (by tim [CA]) Posted on: Jun 26, 2024 4:57 PM
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More than a decade ago, my 18 year old son broke his femur. Hospital cost was 228k not including the ambulance ride. My insurance paid 29k total and the bill was totally paid off. Anyone who thinks our health care system is fair is sadly deluded. I haven't used health care bills to DQ anyone in years because of this. I do ask what happened and some of the stories I heard from people I later found out to be pretty darn honest in their dealings, were very disheartening. We're sliding towards becoming a third world country. Who in their right mind would want to be a Doctor or Nurse these days considering the working conditions? --73.2.xx.xx

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Medical Bill off reports

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