Legislation Passes that will Shield Virginians from Unfair Medical Debt Collection Practices
Last week, Governor Glenn Youngkin approved legislation to reduce the burden of medical debt on Virginians. The proposal, which was championed by Delegate Karrie Delaney in the Legislature (House Bill 1725), will limit the burden of medical debt by ensuring that interest rates on medical debt are limited to 3% a year, wage garnishment is prohibited for all patients who quality for financial assistance programs and patients’ core financial assets, like their home, are safeguarded.