A massive deal to wipe out $30 billion in medical debt for an estimated 20 million Americans is providing some relief in Connecticut.
New-York based Undue Medical Debt recently announced it eliminated $219 million in medical debt in Connecticut as part of a deal with Pendrick Capital Partners, a third-party debt buyer.
The debt was owed by people living at or below 400% of the federal poverty level or for whom medical debt was 5% or more of their annual income.
Had the deal not been reached, the debts would have been sold to a for-profit collection agency and patients would have been pursued for the outstanding balances and potentially placed on payment plans.
“Most of that debt was in Florida and Texas, who…
