Tag

Medical Debt Relief

All articles tagged with #medical debt relief

politics1 year ago

"Pritzker's Budget Prioritizes Medical Debt Erasure, Migrant Funding, and Tax Increases"

Illinois Governor J.B. Pritzker plans to allocate $10 million in federal funds to erase over $1 billion in medical debt for state residents, following the successful model implemented in Cook County. The initiative aims to remove the burden of medical debt for low-income individuals and is set to be the first year of a multiyear plan. The state will partner with the nonprofit RIP Medical Debt to identify and cancel debts for those facing financial hardship, with the potential to benefit 364,000 people in the first year. Additionally, Pritzker's budget proposal includes funding for the ongoing migrant crisis and a tax increase on sports betting revenues, drawing potential opposition from industry lobbyists.

healthcare2 years ago

"NYC and Nonprofit Erase $2 Billion in Medical Debt for 500K New Yorkers"

New York City officials and a nonprofit are partnering to eliminate $2 billion in medical debt for 500,000 New Yorkers, with the city investing $18 million over three years. The program targets residents with medical debt exceeding 5% of their annual household income or with an income below 400% of the federal poverty line. This initiative, described as the largest of its kind in the country, aims to alleviate the burden of healthcare costs for working-class New Yorkers and is set to begin in early 2024.