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SPRINGFIELD – State Senator Steve Stadelman’s pivotal bill aimed at safeguarding consumers from the detrimental impact of medical debt on their credit reports passed the Senate.

“Medical debt does not indicate one’s ability to pay their bills,” said Stadelman (D-Rockford).  “By prohibiting consumer reporting agencies from including adverse information related to medical debt in credit reports, we are working to alleviate financial burdens and promote economic stability for individuals and families across our state.”

Senate Bill 2933 would prohibit consumer reporting agencies from incorporating any adverse information stemming from medical debt into consumers’ credit reports.

According to The Commonwealth Fund, 41% of working-age Americans have medical bill problems or are paying off medical debt.

“This bill represents a crucial step toward ensuring fairness and equity in our financial system,” said Stadelman. “By enacting these protections, we can empower individuals to make informed decisions about their health care without fear of long-term financial repercussions.”

Senate Bill 2933 passed the Senate and heads to the House for further consideration.