Tag Archives: Medical debt

Financial Health

With the midterm elections in the rear view mirror, and a divided government coming, there has been a lot of speculation that the most likely outcome would be a grinding stalemate in Washington. So I was surprised when I saw a headline in the New York Times last week that speculated that progress in Congress was still likely on a number of important personal finance issues. When I read past the headline, however, what really struck me was that so many of the issues they reported on were really not about personal finance, so much as about how the crazy state of health care in America is a financial nightmare for so many.

The authors cited 6 areas where Congress could still get its act together and pass meaningful reform despite the partisan rancor:

  • Better data on college graduate earnings
  • Reasonable accommodations for pregnant workers
  • Expanded tax breaks for paid family or medical leave
  • Expansion of medical expense tax deductions
  • Elimination of surprise medical bills
  • Curbs on black marks from medical debt

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