The new law doesn't eliminate the debt, but limits who can see it. A separate law passed earlier this year capped the interest rate Colorado residents can be charged on medical debt at 3%, though.
House Bill 23-1126 passed the Colorado legislature and was signed by Governor Polis intending to change how medical debt is viewed on credit reports by the three major reporting agencies.
Under a new Colorado law, any medical debt on your credit report should have been hidden, but it's a good idea to double-check, according to the Colorado Center on Law and Policy.
The new law doesn't eliminate the debt, but limits who can see it. A separate law passed earlier this year capped the interest rate Colorado residents can be charged on medical debt at 3%, though.