New York City Mayor Eric Adams says the city intends to wipe out more than $2 billion in medical debt for up to 500,000 residents.
New York City plans to wipe out $2 billion in medical debt for 500,000 residents.
New York Mayor Eric Adams announced Monday, working with RIP Medical Debt, a nonprofit that buys medical debt in bulk from hospitals and debt collectors for pennies on the dollar, intends to wipe out more than $2 billion in medical debt for up to 500,000 residents, tackling a top cause of personal bankruptcy.
The city is working with RIP Medical Debt, a nonprofit that buys medical debt in bulk from hospitals and debt collectors for pennies on the dollar. »