In November, Arizonans may be able to vote for new protections against medical debt. If they do, the Predatory Debt Collection Act would prevent bankruptcy.
Rev. Dr. Bill Lyons says this will positively impact a significant number of people.
"More than two-thirds of all bankruptcies are tied to medical debt from healthcare costs and 18% of Arizonans have medical bills that are past due,” says Lyons.
The legislation would increase the amount of equity someone could have in a home, protecting it from being seized in bankruptcy situations up to $400,000.
