State Reps. Michele Grim (D-Toledo) and Jean Schmidt (R - Loveland) discuss the introduction of The Ohio Medical Debt Fairness Act.
The Ohio Medical Debt Fairness Act will:
- Lower the maximum interest rate for medical debt to 3% per year, capping predatory charges;
- Prohibit hospitals, medical providers, and third-party collectors from reporting medical debt to credit agencies, so that necessary care does not permanently damage a person's financial future; and
- Prohibit wage garnishment for medical debt collections, keeping families from spiraling into deeper hardship.
WHO:
State Rep. Grim (D-Toledo)
State Rep. Schmidt (R-Loveland)
Lauren Edwards, Regional Director of Government Affairs, The Leukemia and Lymphoma Society