NYC Announces $2 Billion Medical Debt Relief for 500K Residents

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Source: The Associated Press
NYC Announces $2 Billion Medical Debt Relief for 500K Residents
Photo: The Associated Press
TL;DR Summary

New York City plans to eliminate over $2 billion in medical debt for up to 500,000 residents in partnership with RIP Medical Debt, a nonprofit organization. This initiative aims to alleviate the financial burden on low-income households and individuals with inadequate insurance, addressing a leading cause of personal bankruptcy. Mayor Eric Adams emphasized the significant impact of medical bills on working-class families and highlighted the program as the largest municipal effort of its kind in the United States.

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