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Committee holds medical-debt measures after broad support from advocates and treasurer’s office
Summary
Two bills aimed at reducing harms from medical debt — an interest-rate cap on medical bills (S 172) and limits on collections action for medical debt (S 169) — were supported by advocacy groups and the treasurer’s office and were held by the Senate Commerce Committee for further consideration.
The Rhode Island Senate Commerce Committee heard testimony March 25 on two bills intended to reduce the financial burden of medical debt: Senate Bill 172, which would cap interest rates on medical debt, and Senate Bill 169, which would limit collections actions including execution or attachment against a primary residence and prohibit certain credit-reporting and wage-garnishment actions for medical debt. Both measures were placed on hold.
Senator Burke described S 172 as part of a medical package and said the measure would cap interest rates charged by providers and facilities for medical debt that…
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