New York City has launched a significant initiative to eliminate $80 million of medical debt for about 35,000 residents, announced by Mayor Eric Adams. This program addresses the issue of medical debt as a leading cause of bankruptcy, especially for low-income families. Partnering with the nonprofit Undue Medical Debt, the city aims to purchase and cancel these debts with no application process required for applicants. Recipients must meet certain income criteria, ensuring that relief is directed towards those who need it most. This initiative represents the largest of its kind across U.S. municipalities.
The city has partnered with Undue Medical Debt to acquire debt portfolios and retiree debt from health care providers and hospitals across New York City.
Working-class families should not have to choose between paying medical bills and keeping a roof over their heads, and thanks to our administration, they won't have to.
There is no application process for the one-time debt relief program, which is the largest municipal initiative of its kind in the country.
Recipients owe nothing on the debt and face no tax penalty. New Yorkers will qualify if their debt meets specific eligibility criteria.
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