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Bipartisan Ohio Medical Debt Fairness Act would cap interest, bar credit reporting and ban wage garnishment
Summary
Sponsors introduced the Ohio Medical Debt Fairness Act to cap medical-debt interest at 3% annually, prohibit reporting such debt to credit agencies and ban wage garnishment; sponsors said providers can still pursue payment plans and third-party collections.
Representatives Grimm and Schmidt presented the Ohio Medical Debt Fairness Act to the House Health Committee, describing three core protections for people with medical debt: a 3% annual cap on interest, a prohibition on reporting medical debt to credit agencies, and a ban on wage garnishment for medical debt.
"Our modest 3% cap ensures that medical debt doesn't grow faster than families can reasonably address, while still allowing providers to…
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