New Jersey is wiping out $100 million in medical debt for about 50,000 of its residents in a move that uses federal pandemic relief funds and partners with a non-profit that buys this sort of debt from hospitals or the secondary market for pennies on the dollar.
Announcing the partnership with Undue Medical Debt, formerly known as RIP Medical Debt, Democratic Gov. Phil Murphy noted Tuesday how this type of debt can accumulate quickly amid “tragic accidents or devastating diagnoses” and go on to follow a person for decades.
“When someone is sick or injured, they should be able to focus on what matters most — getting better — rather than worrying about how they will pay for the life-saving care and services rendered to them,” he…
