A group of Philadelphians erased $1.6 million in local medical debt. They celebrated with an unofficial debt burning.
Letters informing beneficiaries are slated to go out mid-September
I can see the state house making that illegal except if you are a collection agency or the arm of a financial institution.
That’s old news. Unpaid medical debt gets sold to debt collectors at deep discounts. Charities with the resources can buy it and forgive the debt.
Thanks for sharing. I am reminded that I need to donate.
While unveiling his 2024 city budget address on Thursday, St. Paul Mayor Melvin Carter said he aims to devote $1.1 million toward buying off upwards of $100 million in medical debt associated with St. Paul residents, a one-time purchase made possible by leftover federal American Rescue Plan funding.Aug 11, 2023