Credit Scores on Medical Debt


Armstrong Economics Blog/Disease Re-Posted Sep 25, 2023 by Martin Armstrong

It is a common misconception that unpaid medical bills will not hurt your credit score. Medical debt is the leading cause of bankruptcy in the United States. Health care costs are unsustainable and a short hospital stay could easily ruin the most fiscally conservative person’s finances. The Consumer Financial Protection Bureau (CFPB) is now considering removing medical debt and collections from credit reports.

It is a step in the right direction, but it avoids the real issue of health care costs and allowing Big Pharma, insurance agencies, and hospitals rob the sick. The pricing is so unclear that many hesitate to get care until they’re very ill. Americans know it is common practice to ask for an itemized medical bill and bargain with hospitals for months on end. Over 100 million A report from the CFPB found that 20% of all Americans – 66 million people – are in medical debt.

“Research shows that medical bills have little predictive value in credit decisions, yet tens of millions of American households are dealing with medical debt on their credit reports,” CFPB Director Rohit Chopra said in a statement. “When someone gets sick, they should be able to focus on getting better, rather than fighting debt collectors trying to extort them into paying bills they may not even owe.”

We all know families struggling to pay medical bills. I had a friend whose young daughter fell ill. He managed to accumulate well over $1,000,000 in medical debt in just a few months. The debt uprooted his family’s lives on top of dealing with a sick child, and they were forced to sell their home. Should they be forced to pay a higher mortgage on a smaller home because of their lowered credit score? The medical debt does not indicate in any way that he is financially irresponsible or unworthy of a loan.

Medical debt should not affect a person’s credit score. Credit scores in and of themselves are a topic for another day. Unlike student or credit card debt, people do not choose to take on this debt and are largely unaware of the costs until the final insurance bill comes in. This could be one small step in the right direction, but ultimately, the medical industry must be prevented from robbing the sick.

48,500 Year Old Zombie Virus Revived by Scientists in Russia


Mr Scientific Published originally on Rumble on November 30, 2022

Recently, scientists have revived a 48,500-year-old zombie virus that was stuck under a frozen lake in Serbia, Russia. This discovery brings light to the possibility of a public health emergency caused by a new virus emerging from the side effect of climate change and global warming.

Gamma-Rays – Solar Minimum – Volcanoes – Human Immune System


QUESTION: Disease cycle and two way streets
I had a small light come on for me that is big. Here it is, what if during the Disease cycle that is linked to the sun cycle is a two way street? What if at the same time that solar output is low and weather is unstable leading to pestilence. Here it is, something that I have not seen none if very little discussed about the effects of the extra Gamma Radiation that occurs at this time also due to the weak magnetosphere from what I briefly looked at this type of radiation lowers the immune system so there you have it I connected some dots what do you think?
Peace
LP

ANSWER: There have been many studies on the impact of UV and gamma radiation during solar changes and events. Gamma-rays are a form of electromagnetic radiation, as are radio waves, infrared radiation, ultraviolet radiation, X-rays, and microwaves. Gamma-rays can be used to treat cancer, and gamma-ray bursts are studied by astronomers. I have also reported that our correlation models also show that solar minimums correspond to increased volcanic activity. Volcanic winters take place during solar minimums. It certainly seems that gamma-rays may be the reason volcanoes erupt more during these periods. This certainly also reduces food production and increases disease, presumably because of a rise in malnutrition. However, since gamma-rays are also used to treat cancer, there is at least a basis to warrant further investigation if the increase in gamma-rays during solar minimums impact certain susceptible people or those with particular DNA sequences.

Supreme Court Held Vaccines Can Be Mandated


The Supreme Court in Jacobson v. Massachusetts, 197 U.S. 11 (1905) held that vaccines can be mandated. They acknowledged many pros and cons of vaccines, but the court ultimately concluded that whether vaccines were the best (or even an effective) method to combat measles was not in its power to decide. Specifically, the court wrote, “there is scarcely any belief that is accepted by everyone.” However, there was enough medical opinion of vaccine effectiveness that vaccines could be mandated by legislatures like that city’s governing council.

In other words, the court stated vaccines very well may later be found to be unsafe/ineffective, but sufficient information analyzed by elected officials at the time made it reasonable to mandate vaccines to combat smallpox in 1905.

Supreme Court Upheld no Liability for Death by Vaccine


The Supreme Cout held in Bruesewitz v. Wyeth, 562 U.S. 223 (2011), that the section of the Vaccine Act of 1986 preempts all vaccine design defect claims against vaccine manufacturers. The case was decided on February 22, 2011. The Court, in a 6-2 opinion by Justice Scalia, held that the “plaintiffs design defect claims [were] expressly preempted by the Vaccine Act.” Thus, the court affirmed laws that vaccine manufacturers are not liable for vaccine-induced injury or death if they are “accompanied by proper directions and warnings.”

This was a very disappointing decision. They ruled that the Act’s structural quid pro quo also leads to the same conclusion. The vaccine manufacturers fund an informal, efficient compensation program for vaccine injuries in exchange for avoiding costly tort litigation and the occasional disproportionate jury verdict. Taxing their product to fund the compensation program, while leaving their liability for design defect virtually unaltered, would hardly coax them back into the market.

Larry Kudlow Outlines Internal Discussions and Way-Points Toward Re-Opening the U.S. Economy…


Sean Spicer interviews NEC Director Larry Kudlow about the administration’s thinking toward re-opening the U.S. economy.  According to Kudlow internal conversations currently include: whether geographic regions can be opened; whether specific job types can be opened; and what influences the timing around re-opening.

White House Coronavirus Task Force Briefing – 5:00pm ET Livestream…


Unfortunately, with President Trump effectively communicating the latest information on the federal efforts to mitigate COVID-19, more corporate U.S. resistance media have decided not to carry the live broadcasts from the White House task force briefings.

Today at 5:00pm ET the White House will hold a briefing for the public and media on the latest mitigation efforts against the coronavirus. [Livestream Links Below]

White House Livestream Link – Fox News Livestream Link – RSBN Livestream

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Pelosi Uses Senator Ben Cardin to Block Additional Small Business Relief Funds….


The initial coronavirus relief funding package (CARES Act) included $380 billion targeted to small businesses as part of the larger congressional relief package.  Within the SBA section small and medium businesses can apply for loans to cover payroll (75%), called payroll protection plan (ppp); and expenses (25%).  If the PPP funding is used to keep employees on payroll the loan is forgiven.   Thousands of businesses have applied.

Due to the success of the SBA targeted funding, the $380 billion may run out before all of the applications are covered.  Treasury Secretary Mnuchin asked Speaker Pelosi and Senate Leader McConnell for an additional $250 billion infusion into the program.

Senator McConnell framed a bill to provide the additional funds and asked for unanimous consent to advance the legislation.  However, speaker Pelosi doesn’t want to miss an opportunity to add pet project (constituent funding) to the bill.  Speaker Pelosi instructed Senator Ben Cardin to object to the unanimous consent request and block the funds.

WASHINGTON – Senate Democrats on Thursday blocked a Republican push to unanimously pass a bill to put $250 billion more into a loan program for small businesses devastated by the coronavirus pandemic.

With only a few senators in the Capitol, Senate Majority Leader Mitch McConnell tried to approve the measure by a unanimous vote. Sen. Ben Cardin, D-Md., objected to the request, stalling the legislation.

Speaking on the Senate floor, McConnell said he was not “talking about changing any policy language” the parties negotiated last month as part of an unprecedented $2 trillion emergency spending package. He urged Democrats not to “block emergency aid you do not even oppose just because you want something more” — tweaks to the small business aid program and more emergency funding for hospitals and states, a proposal Democratic leaders outlined Wednesday. (read more)

..”Forget the stupid proles…. Our plan must include destroying the economy, if I am to retain control over the gavel.”…

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Another 6.6 Million People File Unemployment Claims This Week. Total for COVID-19 now over 16,000,000 and rising!


The news is horrific.  The Dept. of Labor release today shows another whopping 6.6 million people filed for unemployment compensation last week.  That brings the total over the past three weeks to over sixteen million.

With 16 million people filing unemployment claims, the actual rate of unemployment is likely well into double digits [13% to 16%, possibly higher].  The COVID-19 shut down has completely collapsed major segments of the U.S. economy.

WASHINGTON – […] For the week ending March 21, 3.3 million people filed new unemployment claims, easily shattering the previous record set in 1982 of 695,000. Last week, that astounding figure doubled, as 6.6 million people filed claims for the week ending March 28 — a figure that was revised upward to 6.9 million in the new release.

Thursday’s figure was at the high end of analyst estimates, which ranged from 4.5 million to 7 million. (more)

AG Bill Barr Discusses Justice Dept. Aspects to COVID-19 Crisis…


U.S. Attorney General Bill Barr appears for an interview by Laura Ingraham about COVID-19, and what the Justice Department is doing. The second part of this interview will be broadcast tonight.