medical debt interest
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Proposal to cap interest rates on medical debt heads to Jared Polis
An effort to lower interest rates for the more than 700,000 Coloradans with medical debt passed its final vote in the state legislature Thursday – now only needing the governor’s signature to become law. If signed, Senate Bill 93 would cap interest rates at 3% for medical debt, down from the current 8%. The bill would also…
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Senate OKs capping medical debt interest rates in Colorado
An effort to lower interest rates for the more than 700,000 Coloradans with medical debt took a major step forward on Friday, receiving approval from the state Senate. If passed into law, Senate Bill 93 would cap interest rates at 3% for medical debt, down from the current 8%. The bill would also pause debt collections when…