NYC Mayor Announces Plan to Eliminate $2 Billion in Medical Debt

The city will partner with RIP Medical Debt to provide relief for up to 500,000 residents over a three-year period.

New York City Mayor Eric Adams has announced a plan to eliminate $2 billion in medical debt for up to 500,000 residents over a three-year period.
The city will partner with the charity RIP Medical Debt to purchase debt portfolios of eligible New Yorkers from hospitals and debt collectors.
Eligibility for the debt relief is based on two criteria: having an annual household income at or below 400% of the federal poverty line, or having medical debt equal to 5% or more of their annual household income.
There is no application process for the program, and those who are granted the forgiveness will be notified.
The one-time debt relief program will launch later this year and is expected to run for three years.