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'It actually happened to me': The cancellation of medical debt is real - Vimarsana News

'It actually happened to me': The cancellation of medical debt is real

Local initiatives are poised to wipe out billions of dollars in debt and could create momentum at the national level.

'It actually happened to me': The cancellation of medical debt by local governments is real - Vimarsana News

'It actually happened to me': The cancellation of medical debt by local governments is real

When Amber Clapsaddle found out that she would have about $1,500 in medical debt canceled, she cried, posted a picture of the letter with the news on Facebook…

Source: biztoc.com
'It actually happened to me': The cancellation of medical debt by local governments is real - Vimarsana News

'It actually happened to me': The cancellation of medical debt by local governments is real

The Entire Business World on a Single Page with the Web's Most Comprehensive One-Stop Finance News Hub.

Source: biztoc.com
New York City Pledges to Pay Off $2B in Medical Debt - Vimarsana News

New York City Pledges to Pay Off $2B in Medical Debt

In 2022, Cook County, Ill., became the first local government to partner with the nonprofit group RIP Medical Debt to use private donor funds to buy up and forgive patient debt. Since then, seven local governments, including NYC, have joined the program.

New York Joins Local Governments in Erasing Billions in Medical Debt - Vimarsana News

New York Joins Local Governments in Erasing Billions in Medical Debt

But stronger policies are needed to stop debt at its source