"NYC to Erase $2 Billion Medical Debt for 500,000 Residents"
TL;DR
New York City plans to use $18 million to clear more than $2 billion in unpaid medical debt for around 500,000 residents by partnering with nonprofit organization RIP Medical Debt, which buys and erases medical debt. The program will target New Yorkers with medical bills at least 5% of their annual household income or those in households with income under four times the federal poverty line. This initiative aims to alleviate the burden of medical debt, which disproportionately affects low-income individuals and those without adequate health insurance.
- New York City looks to clear $2 billion in unpaid medical bills for 500,000 CBS News
- New York City plans to wipe out $2 billion in medical debt for 500,000 residents Yahoo Finance
- NYC plans to wipe out $2 billion in medical debt for 500,000 residents Eyewitness News ABC7NY
- Mayor Adams to Relieve Over $2 Billion in Medical Debt for Hundreds of Thousands of New Yorkers nyc.gov
- NYC and nonprofit team up to wipe $2 billion in medical debt from 500,000 New Yorkers in 'life-changing' move New York Post
Want the full story? Read the original reporting
Read on CBS News