Treasurer Folwell to Detail Need for Pro-Family, Anti-Poverty Medical Debt Bill

Monday, June 6th
June 3, 2022
Men’s Basketball Announces Signing of Carvell Teasett
June 3, 2022

Treasurer Folwell to Detail Need for Pro-Family, Anti-Poverty Medical Debt Bill

 

Treasurer Folwell to Detail Need for Pro-Family, Anti-Poverty Medical Debt Bill

(Raleigh, N.C.) – Legislation creating requirements for the level of charity care hospitals must provide to patients is gaining bipartisan traction in the General Assembly, and State Treasurer Dale R. Folwell, CPA, will discuss why the reform is vital during his monthly Ask Me Anything conference call with reporters on Tuesday, June 7.

House Bill 1039, the Medical Debt De-Weaponization Act, is a pro-family, pro-consumer, anti-poverty measure introduced by Rep. Ed Goodwin (R-Chowan), Rep. Howard Hunter (D-Hertford), Rep. Bobby Hanig (R-Currituck) and Rep. Billy Richardson (D-Cumberland). It has garnered more than 40 cosponsors. The bill has been scheduled for a hearing by the Banking Committee at 2 p.m. Tuesday in Room 415 of the Legislative Office Building.

Among other provisions of the bill, championed by Treasurer Folwell, are restrictions on the manner and time of debt collections, credit reporting for unpaid bills and the amount that can be charged on installment payments. The legislation mandates charity care for patients at or below 200% of the poverty level, shields family members from medical or nursing home debt of a spouse or parent, and prohibits home foreclosures due to medical debt.

The legislation was inspired by a joint analysis of the North Carolina State Health Plan and Johns Hopkins University Bloomberg School of Public Health that determined most North Carolina nonprofit hospitals are reaping huge tax breaks while not honoring their charitable mission.