https://www.cbsnews.com/news/new-york-city-eric-adams-medical-debt/
'New York City will purchase millions of dollars of medical debt and then erase
it in effort to help as many as 500,000 residents, Mayor Eric Adams announced
on Monday.
The program involves partnering with a nonprofit organization, RIP Medical
Debt, that buys unpaid medical debt from hospitals at a steep discount and then
clears it. The city will invest $18 million to relieve more than $2 billion in
medical debt for hundreds of thousands of New Yorkers, Adams said.
Affected New Yorkers will be notified that their medical debt has been
relieved, as there is no application process for the one-time debt relief
program, which will launch early this year and run for three years.
"No one chooses to go into medical debt — if you're sick or injured, you need
to seek care. But no New Yorker should have to choose between paying rent or
for other essentials and paying off their medical debt," Adams said in a
statement.'
Via
Reasons to be Cheerful Executive Editor Will Doig, who wrote “The US is
the only wealthy country without some kind of universal health care, and
medical debt is the most common cause of bankruptcy for Americans”.
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
