States Are Erasing Billions in Medical Debt. North Carolina Did $6.5 Billion. Here’s What That Actually Means.
State-level medical debt relief programs in places like North Carolina and Illinois are currently erasing billions of dollars in patient debt without requiring an application. These initiatives operate on a “passive forgiveness” model, meaning state governments purchase portfolios of hospital debt for pennies on the dollar and simply mail patients a letter stating their balance … Read more