"Connecticut Governor Announces Plan to Erase Medical Debt for Eligible Residents"

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Source: New York Post
"Connecticut Governor Announces Plan to Erase Medical Debt for Eligible Residents"
Photo: New York Post
TL;DR Summary

Connecticut Governor Ned Lamont announced that the state will be the first to cancel medical debt for all eligible residents, using $6.5 million in American Rescue Plan Act funds to erase approximately $1 billion in medical debt. The relief program aims to help those whose household income is up to 400% of the federal poverty line or whose medical debt equates to 5% or more of their annual income, and will not have any associated tax burden. This initiative is intended to provide financial and emotional relief to individuals burdened by medical debt and stimulate the local economy, with several cities also implementing similar plans.

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