New York City is assisting citizens, according to Medical Express, by promising to pay off $2 billion in medical debt. They borrowed the idea from Cook County, Illinois, which used money to pay off medical debt. The innovative strategy of RIP Medical Debt is assisting a lot of people with their medical bills.
NYC Adopts Cook County’s Strategy
In 2022, Cook County, Illinois, made an initial try at this novel approach to medical debt settlement. Washington, D.C., Wayne County, Toledo, Akron, Cleveland, and New Orleans are among the other cities that are doing the same. Recently, New York City joined. A fantastic idea that gives hope to more people in need of medical bill assistance is gaining traction.
Reducing New York’s Medical Debt By Billions Of Dollars
The medical debt reduction plan in New York City is a great beginning that is inspiring others. Still, the country is beset with $195 billion in medical debt! While debt relief is helpful, more has to be done to address the underlying issues that drive up the cost of medical care.