NYC launches program to wipe out millions of dollars in patients’ medical debtBy Carl Campanile
July 30, 2023
Mayor Eric Adams’ administration is launching a sweeping program to wipe out potentially hundreds of millions of dollars in medical debt that New York City patients owe to hospitals and other health-care providers, The Post has learned.
The city Health Department has entered into an agreement with the national not-for-profit group Medical Debt Resolution/RIP Medical Debt.
RIP Medical Debt acquires the patients’ debt from hospitals at a fraction of face value and pays it off with private donations raised, as well as public funding.
“RIP Medical Debt will act as the third party between funders and hospitals to forgive medical debt,” the Health Department said in a public notice.
“RIP Medical Debt is the only entity operating in the United States that acquires and abolishes medical debt owed by individuals who are in financial hardship and on a basis that is tax-free to program recipients.”
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Source:
https://nypost.com/2023/07/30/nyc-launches-program-to-wipe-out-millions-of-dollars-in-patients-medical-debt/
