New Data Show 8.2 Million Fewer Americans Struggling with Medical Debt Under the Biden-Harris Administration
The Administration’s work to strengthen the Affordable Care Act along with new consumer protections lead to continued progress reducing the burden of medical debt.
This week, the Consumer Financial Protection Bureau (CFPB) released a new report that shows that the number of Americans with medical debt on their credit reports fell by 8.2 million from the first quarter of 2020 to the first quarter of 2022. This week's report is consistent with a recent report from the Centers for Disease Control and Prevention (CDC) that found that the number of Americans who are part of families having trouble paying their medical bills declined by 5.5 million between 2020 and 2021. One driver of these declines is the significant increase in the number of insured Americans over this period, a result of the President’s strategy of protecting and strengthening the Affordable Care Act (ACA) and lowering health care costs. The decline also reflects continued actions by the CFPB to highlight problems with inaccurate reporting of debt in collections and put the industry on notice to correct their behavior.
The new data also underscore the importance of the Biden-Harris Administration’s government-wide initiative to reduce the burden of medical debt. Following the Vice President’s April 2022 announcement, medical debt was directly relieved for many low-income Americans. And, informed by research showing that medical debt is not a reliable predictor of financial health, federal agencies are working to eliminate the use of medical debt to assess creditworthiness for participation in government lending programs.
These reductions in medical debt will provide real benefits to many Americans. Reducing medical debt directly impacts household finances by improving credit scores and access to credit. And research shows that households that have their medical debt relieved see improvements in access to medical care, and in physical and mental health outcomes. Since medical debt is disproportionally held among low-income communities, reductions in the burden of medical debt helps advance financial and health equity.
The CFPB report also shows that medical debt still accounts for more than 50% of debt in collections tradelines, exceeding the number of debt in collections tradelines from all other sources combined, including credit cards, personal loans, utilities, and phone bills. Getting sick or taking care of loved ones should not mean financial hardship for American families. That is why the Administration has—and will continue—to take action to ease the burden of medical debt and protect consumers from predatory collection practices.
Full Fact Sheet on Reducing the Burden of Medical Debt
This week, the Biden-Harris Administration announced its latest set of actions aimed at creating a convenient, reliable and Made-in-America electric vehicle (EV) charging network so that the great American road trip can be electrified. These steps will help the United States meet President Biden’s ambitious goals to confront the climate crisis, by building a national network of 500,000 electric vehicle chargers along America’s highways and in our communities and have EVs make up at least 50% of new car sales by 2030, all while advancing an industrial strategy to continue to build-out the domestic EV and EV charging industry. The path to net-zero emissions by 2050 is creating good-paying manufacturing and installation jobs on the way.
President Biden’s Bipartisan Infrastructure Law invests $7.5 billion in EV charging, $10 billion in clean transportation, and over $7 billion in EV battery components, critical minerals, and materials. These flagship programs complement the Inflation Reduction Act’s landmark support for advanced batteries and new and expanded tax credits for purchases of EVs and to support installations of charging infrastructure, as well as dozens of other federal initiatives designed to drive domestic manufacturing and build a national network of EV charging. The result is that the future of American transportation is on track to be cleaner, safer, more affordable, and more reliable than ever before. This week's announcements are a further demonstration of the President’s successful industrial strategy, ensuring that the clean energy transition is powered by American manufacturing and good-paying union jobs.
Because of President Biden’s leadership and record federal investment, EV sales have tripled and the number of publicly available charging ports has grown by at least 40% since he took office. There are now more than three million EVs on the road and over 130,000 public chargers across the country. Further accelerating the buildout of a convenient, reliable charging network is critically important to make electric vehicle charging a seamless experience. This week, companies including Tesla, General Motors, EVgo, Pilot, Hertz and bp, among others, are announcing new commitments to expand their networks by thousands of public charging ports in the next two years, using private funds to complement federal dollars and putting the nation’s EV charging goals even closer within reach.
These announcements build on the well over $100 billion that the private sector has invested in electric vehicle, battery, and EV charging manufacturing in the United States to date. This week's announcements are evidence of the President’s successful industrial strategy, ensuring that federal funds are attracting private investment to ensure the clean energy transition is powered by American manufacturing and good-paying union jobs. Combined with investments in battery manufacturing and tax credits for electric vehicle purchases and charging infrastructure driven by the Inflation Reduction Act, these programs are key to achieving the Administration’s climate goals.
Full Fact Sheet on New Standards and Major Progress for a National Network of Electric Vehicle Chargers
Biden Boom Continues: Another Week of Massive Private Sector Investments in American Manufacturing
This week, we saw more evidence that an American manufacturing boom—thanks to the President’s economic agenda—continues to take hold all across the country.
Boeing announced one of the largest orders in the company’s history: a purchase of over 200 aircraft through an agreement between Air India and Boeing valued at $34 billion at list price. The purchase will support over one million American jobs across 44 states, and many of those jobs won’t require a four year degree.
Ford announced it will build a $3.5 billion factory in Marshall, Michigan that will employ at least 2,500 workers to make advanced batteries for electric vehicles.
Texas Instruments announced it would build a new, $11 billion semiconductor plant in Lehi, Utah. manufacturing in Utah.
These investments—which build on the hundreds of billions of dollars in private investment announced since President Biden took office—will lead to good-paying jobs that American can raise a family on, the revitalization of entire communities that have often been left behind, and America leading the world again in the industries that drive the future.
As President Biden often asks, “Where is it written that the United States of America can’t be the manufacturing capital of the world?”
President Biden Addresses America’s County Officials at the 2023 National Association of Counties (NACo) Legislative Conference
This week, President Biden addressed nearly 2,000 elected and appointed county officials at the 2023 National Association of Counties (NACo) Legislative Conference for the second year in a row. President Biden referenced his roots as a former county official for New Castle County and spoke about his economic plan and the importance of the passage of the American Rescue Plan Act, Bipartisan Infrastructure Law, CHIPS and Science Act and the Inflation Reduction Act. He highlighted the $65.1 billion in direct funding from the American Rescue Plan that was allocated to counties, citing Ramsey County in Minnesota, Los Angeles County in California, Travis County in Texas, and Pierce County in Washington as examples of the program’s success.
During the President’s remarks, which happened to fall on the five-year anniversary of the school shooting in Parkland, Florida, he also took time to acknowledge the Michigan State University tragedy, once again calling on Congress to enact commonsense gun law reforms.
Remarks by President Biden at the National Association of Counties (NACo) Conference
The day before, White House ARP Implementation Coordinator Gene Sperling, White House Infrastructure Coordinator Mitch Landrieu, and John Podesta, Senior Advisor to the President for Clean Energy Innovation and Implementation, participated in a panel moderated by NACo President Denise Winfrey to discuss the implementation of the American Rescue Plan Act (ARP), Bipartisan Infrastructure Law (BIL), and the Inflation Reduction Act (IRA).
Read NACo’s Press Release about the Panel
Other speakers at this year’s NACo Conference included Department of Treasury Secretary Janet Yellen, Department of Health and Human Services Secretary Xavier Becerra, Department of Transportation Secretary Pete Buttigieg, Department of Agriculture Secretary Tom Vilsack, and Julie Chavez Rodriguez, Senior Advisor and Assistant to the President and Director of the White House Office of Intergovernmental Affairs.
Biden-Harris Administration Deploys Additional Federal Resources to East Palestine, Ohio
The Biden-Harris Administration has mobilized a robust, multi-agency effort to support the people of East Palestine, Ohio.
Within hours of the Norfolk Southern train derailment, the Environmental Protection Agency (EPA) deployed a team to East Palestine to support state and local emergency and environmental response efforts. The Department of Transportation (DOT) also arrived on scene to investigate what led to the derailment. The Federal Emergency Management Agency (FEMA) has been closely coordinating with the emergency operations center, Ohio Emergency Management Agency, and Federal partners.
As President Biden told Ohio Governor Mike DeWine and Pennsylvania Governor Josh Shapiro soon after the derailment, the Federal Government stands ready to provide any additional federal assistance the states may need. This week, in response to Governor DeWine’s and the Ohio congressional delegation’s request on February 16 for additional federal public health support, the Department of Health and Human Services (HHS) and Centers for Disease Control and Prevention (CDC) announced they are deploying a team of medical personnel and toxicologists to conduct public health testing and assessments. The team will support Federal, state, and local officials already on the ground to evaluate individuals who were exposed or potentially exposed to chemicals and help ensure timely communications to the public.
The Biden-Harris Administration is committed to supporting the people of East Palestine every step of the way, and holding Norfolk Southern accountable. Each Federal agency is playing its unique role in this task.
Full Fact Sheet on Biden-Harris Administration Resources Deployed to East Palestine, Ohio
President Biden Signs Executive Order to Strengthen Racial Equity and Support for Underserved Communities Across the Federal Government
On his first day in office, President Biden signed Executive Order 13985, Advancing Racial Equity and Support for Underserved Communities Through the Federal Government. That Order emphasized the enormous human costs of systemic racism and persistent poverty, and provided a powerful and unprecedented mandate for all federal agencies to launch a whole-of-government approach to equity. Over the past two years, agencies have taken historic steps toward ensuring that federal programs are serving the American people in an equitable and just manner and supporting communities that have been locked out of opportunity. Through the implementation of landmark legislation and historic executive action, the Biden-Harris Administration is working to make real the promise of America for everyone—including rural communities, communities of color, Tribal communities, LGBTQI+ individuals, people with disabilities, women and girls, and communities impacted by persistent poverty.
Despite the meaningful progress that the Biden-Harris Administration has made, the reality is that underserved communities—many of whom have endured generations of discrimination and disinvestment—still confront unacceptable barriers to equal opportunity and the American Dream. It is imperative that we reject the narrow, cramped view of American opportunity as a zero-sum game. When any segment of society is denied the full promise of America, our entire Nation is held back. But when we lift each other up, we are all lifted up. As the President has said: “Advancing equity is not a one-year project. It’s a generational commitment.”
To strengthen the federal government’s ability to address the barriers that underserved communities continue to face, today, President Biden signed a new Executive Order, Further Advancing Racial Equity and Support for Underserved Communities Through the Federal Government. This second Order reaffirms the Administration’s commitment to deliver equity and build an America in which all can participate, prosper, and reach their full potential.
Full Fact Sheet on President Biden's Executive Order to Strengthen Racial Equity and Support for Underserved Communities Across the Federal Government