Yeah. Good riddance. The credit system as it exists today is abusive. I fought a medical group fraudulently double billing me and took it to my attorney general and TransUnion. You can imagine my anger when my credit monitoring told me that I have a mark against my credit.<p>This stuff with medical organizations should be criminal, but for whatever reason, they get a pass harassing citizens. Put a bill to this absolute nonsense, and I'll immediately vote to punitive damages for these corporations taking advantage of people.<p>The bigger problem is that this is a cure for a symptom of a dysfunctional medical billing lifecycle that in its current incarnation should be outlawed.
I’m not American, I never understood the credit system so I may have misunderstood it. I’ve always been a little afraid to ask, but isn’t it sort of weird that it is legal to score your citizens like that in a democracy?<p>I can understand the need for a registry of people who cheat or simply don’t pay back, but even that is sort of an “evil” area to me since it can trap people. But an actual credit score? That seems very dystopian.<p>And how do you score it? I’m a poor bank customer, I’ve almost never taken any loans, and when I did I either paid them back more quickly than the bank would’ve liked, or it was for tax benefits like with my 60% mortgage. I have savings and investments, but I manage them myself meaning that I generate no real fees of note for the institutions that house them. So technically I’m sort of a terrible customer for a bank, but I imagine my credit score would be quite high?<p>/Edit<p>Thanks for the responses. I'd like to point out that we do get scored in Denmark where I live, but it's happening when you apply for things.<p>When my wife and I bought our house, we submitted a range of financial records, and we also granted the bank temporary access to obtain financial information about us from places like the national tax agency and the registry of "poor lenders". Which is I guess is similar to a "credit score", but to me it's different because it is generated and accessed at a specific time, and then gone.<p>Maybe that's actually how the credit score works, but seeing those apps where you can see your "number" felt dystopian to me.
Here is my recent experience that is not my fault. I received a bill from two ago. The provider decided to report me to a collection because they filed an incorrect claim. This was a nurse assistant portion of the urgent care bill. Everything else was covered but this bill was not filed correctly. The insurance won't cover because it is old bill but I am still on the hook. I wasn't even aware of this bill existed till I received a call. The bill is 3x times higher than what insurance would pay. I am totally under the billing gun and I am forced to pay otherwise they will ruiny credit.
"Under 500$" - so, trivial admin mistakes for bills people shouldn't get have been removed, but the bulk majority of actual medical debt is unchanged.
I’ve been getting semi weekly letters from an anesthesiology company (because of course they would bill separately) due to time I spent on hospital last year.<p>Except my insurance paid and said I owe nothing. Then I received a bill a year after the fact, and I contacted mY insurance who again said I owed nothing, said they talked to the company and the company said they would correct the mistake. Then a week later the bill came again, and I repeated this again.<p>I’ve now done this weekly for the last two months waiting for them to try to harm my credit rating.
> Less than twenty percent of unpaid medical collections remain on consumer credit reports for longer than four years.<p>This is pretty interesting. I wonder what other types of collections are 'forgotten' well before their allowed reporting limit?
Something tells me that increasing the credit score and encouraging more debt financing of people struggling to pay a $500 medical bill may have some unintended consequences.
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