Erasing Medical Debt Won’t Fix the Problem — Competition Will
TownhallMAR 18
Judge Strikes Down Biden Rule Removing Medical Debt From Credit
Above: The U.S. Consumer Financial Protection Bureau (CFPB) headquarters in Washington, D.C. Image copyright: Al Drago/Bloomberg/Getty Images
The Spin
Republican narrative
High healthcare costs driven by limited competition are the root issue here, and erasing medical debt offers little long-term relief. Instead, legislators should repeal laws that restrict new providers and inflate prices. True reform comes through fostering competition to lower costs and prevent future debt.
Democratic narrative
It's difficult to see how Republicans can oppose this. People who get sick shouldn't have their financial world turned upside down by exorbitant medical bills. The rule is widely supported by Americans across the political spectrum, but Republicans are determined to convince their base this is a form of Communism.
Editor's Note
This story currently has limited reporting from right-leaning sources. We will continue to monitor all major outlets and update our coverage as additional perspectives become available.