Skip to content
  • Categories
  • Recent
  • Tags
  • Popular
  • Users
  • Groups
Skins
  • Light
  • Cerulean
  • Cosmo
  • Flatly
  • Journal
  • Litera
  • Lumen
  • Lux
  • Materia
  • Minty
  • Morph
  • Pulse
  • Sandstone
  • Simplex
  • Sketchy
  • Spacelab
  • United
  • Yeti
  • Zephyr
  • Dark
  • Cyborg
  • Darkly
  • Quartz
  • Slate
  • Solar
  • Superhero
  • Vapor

  • Default (No Skin)
  • No Skin
Collapse

The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Arizona Ballot Measure on Medical Debts

Arizona Ballot Measure on Medical Debts

Scheduled Pinned Locked Moved General Discussion
4 Posts 3 Posters 62 Views
  • Oldest to Newest
  • Newest to Oldest
  • Most Votes
Reply
  • Reply as topic
Log in to reply
This topic has been deleted. Only users with topic management privileges can see it.
  • AxtremusA Away
    AxtremusA Away
    Axtremus
    wrote on last edited by Axtremus
    #1

    https://www.vox.com/policy-and-politics/2022/10/23/23413174/arizona-ballot-proposition-209-medical-debt-relief

    https://ballotpedia.org/Arizona_Proposition_209,Healthcare_Debt_Interest_Rate_Limit_and_Debt_Collection_Exemptions_Initiative(2022)

    Arizona Proposition 209, Healthcare Debt Interest Rate Limit and Debt Collection Exemptions Initiative (2022)

    Proposition 209 would set a limit on interest rates for debt accrued from receiving healthcare services as equal to either the weekly average one-year constant maturity treasury yield or 3%, whichever is less. It would also increase the amount of value for certain property—including homestead, household furnishings, motor vehicles, and bank account funds—and earnings exempt from attachment, execution, forced sale, and any other debt collection processes.[1][2]

    The amount of a homestead exempt from debt collection would increase from $250,000 to $400,000. The value of household furnishings exempt from debt collection would increase from $6,000 to $15,000. The equity of a motor vehicle exempt from the debt collection process would be increased from $6,000 to $15,000, and if the individual who owes a debt, or their dependent, has a physical disability, this amount would be increased from $12,000 to $25,000. The values of all of the above would be adjusted yearly by the increase in the cost of living.[2]

    The amount of money held in a bank account or other financial institution exempt from debt collection would increase from $300 to $5,000. The disposable earnings subject to debt collection would be 10%, a change from 25%, or 60 times the minimum wage, a change from 30 times the minimum wage, whichever is less.

    1 Reply Last reply
    • jon-nycJ Online
      jon-nycJ Online
      jon-nyc
      wrote on last edited by
      #2

      I don’t like the idea of singling out one type of debt for special treatment, too easy to game.

      Figure out what the reasonable amount of assets/income protection from debt collections, period.

      "You never know what worse luck your bad luck has saved you from."
      -Cormac McCarthy

      1 Reply Last reply
      • CopperC Offline
        CopperC Offline
        Copper
        wrote on last edited by
        #3

        If I can't make a good return lending money, I won't lend money.

        Ukrainian War Bonds are paying 11%

        https://cms.law/en/ukr/publication/war-bonds-invest-to-support-ukraine

        jon-nycJ 1 Reply Last reply
        • CopperC Copper

          If I can't make a good return lending money, I won't lend money.

          Ukrainian War Bonds are paying 11%

          https://cms.law/en/ukr/publication/war-bonds-invest-to-support-ukraine

          jon-nycJ Online
          jon-nycJ Online
          jon-nyc
          wrote on last edited by jon-nyc
          #4

          @Copper said in Arizona Ballot Measure on Medical Debts:

          If I can't make a good return lending money, I won't lend money.

          Ukrainian War Bonds are paying 11%

          In Ukrainian hryvnia

          In USD they can borrow at 3.7%

          "You never know what worse luck your bad luck has saved you from."
          -Cormac McCarthy

          1 Reply Last reply
          Reply
          • Reply as topic
          Log in to reply
          • Oldest to Newest
          • Newest to Oldest
          • Most Votes


          • Login

          • Don't have an account? Register

          • Login or register to search.
          • First post
            Last post
          0
          • Categories
          • Recent
          • Tags
          • Popular
          • Users
          • Groups