NYC to wipe out medical debt for 500,000 New Yorkers under new program

New York City is launching an effort to wipe out upwards of $2 billion in medical debt for hundreds of thousands of low income city residents, Mayor Eric Adams announced on Monday.

The one-time debt relief program is a partnership between the city and RIP Medical Debt — a locally-based nonprofit that purchases and nixes medical debt — that will buy up debt portfolios from health care providers and eliminate it, according to City Hall.