Medical Bills Interest Rate Relief Act

The Medical Bills Interest Rate Relief Act (H.R. 1238) aims to protect consumers from the financial strain of medical debt by regulating how credit card companies and medical facilities manage healthcare-related expenses. The bill would establish specific guidelines for credit card issuers regarding interest rates and terms for credit used to pay for medical care. Additionally, it would prohibit hospitals and medical facilities from reporting negative information to credit bureaus for five years if a patient is making good-faith partial payments on their medical bills.