US EditionMedical debt, North Star Promise and housing: This week in the Minnesota Legislature
- A nonprofit, Undue Medical Debt, is paying off $30 billion in medical bills for approximately 20 million people through a deal with Pendrick Capital Partners, which will help many avoid debt collection.
- The average debt being retired is $1,100, and the deal primarily benefits residents in Texas and Florida, who hold about half of the outstanding debts being retired.
- Undue Medical Debt plans to fully pay the remaining debts over the next year and a half, focusing on those with incomes at or below four times the federal poverty level.
- The chief executive of Undue Medical Debt stated that the deal does not address the larger crisis of medical debt impacting around 100 million Americans, highlighting the broader issue of healthcare debt.
22 Articles
22 Articles
Duluth News Tribune
Medical debt, North Star Promise and housing: This week in the Minnesota Legislature
ST. PAUL — The Minnesota Legislature heard a wide array of bills this week as it approaches mid-April committee deadlines, including bills on medical debt, higher education tuition and housing. Minnesotans rally for ‘debt reset’ bill Minnesota Attorney General Keith Ellison, St. Paul Mayor Melvin Carter, lawmakers and faith leaders rallied Wednesday, April 2, at the Capitol in support of the “Minnesota Medical Debt Reset Act,” SF1347/HF1646, whi…
Georgia Public Broadcasting
nprMajor deal wipes out $30 billion in medical debt. Even backers say it's not enough
Undue Medical Debt is retiring unpaid medical bills for 20 million people. The debt trading company that owned them is leaving the market.
thepublicsradio.org
Bioethics.comMajor deal wipes out $30 billion in medical debt. Even backers say it’s not enough
Undue Medical Debt is retiring unpaid medical bills for 20 million people. The debt trading company that owned them is leaving the market. The post Major deal wipes out $30 billion in medical debt. Even backers say it’s not enough appeared first on TPR: The Public's Radio.
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