NYC to Eliminate $2 Billion in Medical Debt for Residents 🏥

NYC to Wipe Out $2 Billion in Medical Debt , for Some Residents.<br />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. .<br />For middle- and working-class <br />New Yorkers, medical bills can <br />be financially devastating, Mayor Eric Adams, via statement.<br />Working-class families often have <br />to choose between paying their medical <br />bills or some of the basic essentials <br />that they need to go through life, Mayor Eric Adams, via statement.<br />RIP Medical Debt is helping <br />the city get rid of the debt.<br />The nonprofit seeks to help <br />low income people and those who <br />are experiencing financial hardship. .<br />There is no application process. .<br />Those who are selected will be notified <br />that their debt has been resolved.<br />NYC will spend $18 million over the course of three years under the program, AP reports. .<br />If you are able to ... save $2 billion <br />in debt, that $2 billion trickles down <br />to those households, who are not <br />going to fall into our safety net, Mayor Eric Adams, via statement.<br />They’re not going to fall <br />into our homeless system, Mayor Eric Adams, via statement