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The Biden Administration announced an initiative Tuesday to remove an estimated $49 billion in medical debt from the credit reports of roughly 15 million Americans. A new rule from the Consumer ...
In addition, she noted, North Carolina has set up a medical debt relief program in which the state’s 99 eligible hospitals have promised to eliminate up to $4 billion in unpaid bills for nearly ...
Undue Medical Debt, formerly RIP Medical Debt, [1] is a Long Island City–based 501(c)(3) charity [2] focused on the elimination of personal medical debt. [3] Founded in 2014 by former debt collection executives Jerry Ashton and Craig Antico, [4] the charity purchases portfolios of income-qualifying medical debt from debt collectors and healthcare providers, and then relieves the debt. [5]
Unexpectedly high medical bills are common in the United States, but there are ways to get relief. According to the Consumer Financial Protection Bureau, one in five Americans are affected by ...
Although reducing student loan debt has been a focus for President Joe Biden, the poll found that Americans are more likely to say medical debt relief should be a government priority. About 4 in ...
KNOXVILLE, Tenn. (WATE) — If you think you are alone in dealing with medical debt, guess again. Recent studies have shown that medical debt is the leading cause of bankruptcy in the United States.
The nonprofit looks for bundled packages of debt from first or third party agencies which the group negotiates to purchase at discounted prices (pennies on the dollar). The two women initially raised $12,500 and used this money to purchase $1.5 million of medical debt through RIP Medical Debt, which was then forgiven. [33]
Governments are working to relieve medical debt. As part of the American Rescue Plan, the White House intends to pay off $7 billion in medical debt by the end of 2026.
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