NYC Mayor Eric Adams Unveils $2 Billion Medical Debt Relief Plan for 500,000 Residents

NYC Mayor Eric Adams announced a plan to eliminate over $2 billion in medical debt for up to 500,000 residents by partnering with nonprofit RIP Medical Debt, which buys medical debt in bulk and forgives it. The program, costing $18 million over three years, aims to alleviate the financial burden on middle- and working-class New Yorkers, who often face bankruptcy due to medical bills. The relief recipients will be notified without needing to apply, and Adams emphasized the investment's positive impact on households and the city's safety net.