The city of Cincinnati will spend $1.45 million on medical debt relief to help 30,000 city residents, part of a bigger plan that’s been in the works for more than a year.
It’s not clear how the 33,000 would be chosen. Details about how the medical debt relief plan are set to be released Thursday at 10 a.m.
The program will cost taxpayers $1.45 million, but because it pays off debt for pennies on the dollar it’s expected to help pay off up to $150 million in medical debt, according to three medical students at the University of Cincinnati College of Medicine who championed the program.
Medical debt payoff part of larger ‘Financial Freedom’ plan
The medical debt relief program is part of Mayor Aftab Pureval’s Financial Freedom Blueprint plan.
