Forbes August 28, 2024
As the school year starts for millions in the United States, student debt may be top of mind for many students and parents. With several years of student debt forgiveness programs underway, the federal government has now also announced similar initiatives focusing on medical debt. Across the country, local and state governments, including Illinois, North Carolina, Connecticut, Michigan, Ohio, Louisiana, Arizona, Florida, Pennsylvania, Missouri, and New Jersey, have announced programs to buy outstanding medical debt or give hospitals additional payments if they take the steps needed to relieve outstanding medical debt from patients that qualify. While four in 10 Americans have medical debt, the impact of such initiatives may be less than expected.
First, under many of these programs, only...
Today's Sponsors
Today's Sponsor