“The very concept of medical debt should not exist”
Bernie Sanders is upping the ante on free stuff. In addition to his plan to cancel all student loan debt, he now wants to cancel all medical related debt for everyone. What will be next?
Steve Geimann reports at Bloomberg:
Sanders Unveils Plan to Cancel $81 Billion in U.S. Medical Debt
Democratic presidential candidate Bernie Sanders on Saturday introduced a plan to cancel $81 billion in past-due medical bills and replace private credit-reporting companies with a public registry that will exclude debt tied to health costs.
The Vermont Democrat proposed revising a 2005 bankruptcy law to let people with high bills use the courts to seek relief, and eliminate the means-testing requirement to file for protection from creditors, according to a statement from his campaign.
“The very concept of medical debt should not exist,” Sanders said. “It is immoral and unconscionable that families across the country are finding themselves nearly broke or bankrupt because of crippling medical debt while the health care industry made more than $100 billion in profits last year.”
The plan notes 79 million Americans “struggle to pay” bills, or are paying off medical debts.
Under the proposal, the federal government would step in to negotiate and pay off past-due bills in collections reported to credit agencies. The plan also would replace for-profit credit reporting companies with a public registry that uses a computer algorithm to determine creditworthiness.
One has to wonder if Bernie is planning to reimburse anyone who was dumb enough to pay their debts or buy health insurance.
Bernie tweeted about this and people have thoughts. Via Twitchy:
— Bernie Sanders (@BernieSanders) September 21, 2019
Wait until he adds credit card and mortgage debts to the list. https://t.co/LTmaXFnJWk
— Drew McCoy (@_Drew_McCoy_) September 21, 2019
“… without specifying a precise mechanism.”
Ever notice that the details of how exactly the debt will be eliminated are always lacking in these grandiose programs?
— Uri Blago (@UriBlago) September 21, 2019
“Without a precise mechanism” is the technical term for “it’s a talking point I’m clearly not serious” https://t.co/aGyvAdI2bl
— PuckLuckBitch (@puckluckbitch) September 21, 2019
— David Morgan (@StarCoreOne02) September 21, 2019
We could call it…bankruptcy court! https://t.co/swbgsNcZ1h
— CLA (@ConservativeLA) September 21, 2019
We’re about one polling cycle away from Bernie offering a plan for free cars.DONATE
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