NYC to Wipe Out $2 Billion in Medical Debt for Some Residents

NYC to Wipe Out $2 Billion in Medical Debt for Some Residents

NYC to Wipe Out $2 Billion in Medical Debt , for Some Residents.

On Jan.

22, NYC Mayor Eric Adams announced that the city will eliminate over "$2 billion in medical debt for up to 500,000 residents," Associated Press reports.

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For middle- and working-class New Yorkers, medical bills can be financially devastating, Mayor Eric Adams, via statement.

Working-class families often have to choose between paying their medical bills or some of the basic essentials that they need to go through life, Mayor Eric Adams, via statement.

RIP Medical Debt is helping the city get rid of the debt.

The nonprofit seeks to help low income people and those who are experiencing financial hardship.

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There is no application process.

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Those who are selected will be notified that their debt has been resolved.

NYC will spend $18 million over the course of three years under the program, AP reports.

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If you are able to ... save $2 billion in debt, that $2 billion trickles down to those households, who are not going to fall into our safety net, Mayor Eric Adams, via statement.

They’re not going to fall into our homeless system, Mayor Eric Adams, via statement