New York City Announces $18 Million Investment to buy up and Erase Medical Debt for 500,000 City Residents

New York City Announces $18 Million Investment to buy up and Erase Medical Debt for 500,000 City Residents

New York City’s Mayor, Eric Adams, has announced an initiative to alleviate medical debt across the city. This program, a partnership with the nonprofit RIP Medical Debt, aims to ease the financial burdens of healthcare in New York City. The city will invest $ 18 million and is poised to eradicate over $2 billion in medical debts, potentially benefiting up to 500,000 city residents. The program does not require any action from the patients themselves. Eligibility is determined based on specific financial criteria, and only those who meet the requirements will be directly notified. This approach aims for an efficient process, effectively pinpointing aid to those in need.

500,000 New Yorkers Could Have Medical Debt Erased Under New Program (Goldstein, 1/22, New York Times).