Medical Debt Forgiveness Plan Rejected by Republican: 'Band-Aid'

A Republican lawmaker called medical debt forgiveness a 'Band-Aid' approach to America's ongoing health care cost crisis.Senator Bill Cassidy, a Louisiana Republican and ranking member of the Health, Education, Labor, and Pensions Committee, spoke against a one-time cancellation of medical debt during Thursday's hearing on the issue.'To be clear, a one-time cancellation of medical debt is not a solution,' Cassidy said.

Alex Beene, a financial literacy instructor at the University of Tennessee at Martin, said while it may pain many Americans to hear, a one-time cancellation of medical debt would indeed be a 'temporary Band-Aid.''It doesn't prevent them from accruing further medical-related debt, which many do, and one could say it also holds out hope for cancellation of further debts down the road that never materialize,' Beene told Newsweek.

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