Medical debt collection has become a trending topic among state legislatures and federal regulators alike. New legislation and regulations are systematically eroding asset value for healthcare providers. In the past year, we have seen California, Maryland, Nevada, and New Mexico enact new laws. Colorado and New York appear to be on the path to do so as well. To add insult to injury, the Consumer Financial Protection Bureau (CFPB) continues to aggressively focus on medical debt as well.
Below is an overview of the legislation and regulations that are dictating change in the world of healthcare collections today. While challenging, the new landscape is not impassable.
California
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