Treatment for the American Healthcare Debt Crisis

 

 

Richard Vague, who serves as Pennsylvania Banking and Securities Secretary and author of his new book The Case for a Debt Jubilee joins eHealth Radio and the Healthcare and Health News Channels.

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Listen to interview with host Eric Michaels and guest Richard Vague discuss the following:

1. Why are households now so deeply in debt?
2. Your book is titled The Case for a Debt Jubilee: What is a Debt Jubilee?
3. You propose programs for reducing levels of student debt, healthcare debt, and the debt of mortgages in arrears. Won’t strong growth in the economy take care of those household debt issues without special programs?
4. Some have resisted the idea of forgiving student debt, because it is unfair to those who have paid their student loans—and those who never went to college. Is there a fair way to give relief to those struggling with student loans?
5. Some less fortunate folks have gotten far behind on their mortgage payments—and some lenders are just tacking on the missed payments, effectively making their mortgage balances larger. Is there a better way to help those struggling with their mortgage?

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Richard Vague is Secretary of Banking and Securities for the Commonwealth of Pennsylvania. Prior to his 2020 appointment, he was managing partner of Gabriel Investments and chair of The Governor’s Woods Foundation, a nonprofit philanthropic organization. Previously, he was co-founder, chairman and CEO of Energy Plus, an electricity and natural gas company. Vague was also co-founder and CEO of two banks and founder of the economic data service Tychos. His new book is The Case for a Debt Jubilee (Polity Press, Nov. 22, 2021).

 

 

Website: https://richardvague.com

 

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