"New York City to Erase $2 Billion in Medical Debt for Half a Million Residents; Plans to Combat Personal Bankruptcy with $18 Million Investment over 3 Years"

New York City plans to wipe out $2 billion in medical debt for 500,000 residents

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 residentsByThe Associated PressJanuary 22, 2024, 12:19 PMThis undated photo, provided by RIP Medical Debt, Monday Jan. 22. 2024, shows RIP President & CEO Allison Sesso. 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 ...