"NYC and Nonprofit Erase $2 Billion in Medical Debt for 500K New Yorkers"
TL;DR
New York City officials and a nonprofit are partnering to eliminate $2 billion in medical debt for 500,000 New Yorkers, with the city investing $18 million over three years. The program targets residents with medical debt exceeding 5% of their annual household income or with an income below 400% of the federal poverty line. This initiative, described as the largest of its kind in the country, aims to alleviate the burden of healthcare costs for working-class New Yorkers and is set to begin in early 2024.
- NYC and nonprofit team up to wipe $2 billion in medical debt from 500,000 New Yorkers in 'life-changing' move New York Post
- New York City plans to wipe out $2 billion in medical debt for 500,000 residents Yahoo Finance
- NYC seeks to eliminate medical debt for 500K low-income New Yorkers Gothamist
- NYC Wants to Erase Medical Debt for Half a Million New Yorkers The New York Times
- New York City looks to clear $2 billion in unpaid medical bills for 500,000 CBS News
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