LEXINGTON, Ky. (WKYT) – More than 67,000 Kentuckians have now had a combined $153 million in medical debt wiped out, Gov. Andy Beshear announced Thursday.
The relief is part of the Team Kentucky Medical Debt Relief Program, established through an executive order signed in September. The initiative ultimately aims to erase $250 million in medical bills for roughly 130,000 residents statewide.
How the program works
Through the executive order, the state allocated $2.5 million to Undue Medical Debt, a national nonprofit that purchases bundled medical debt from participating hospitals and collection agencies for pennies on the dollar.
In Kentucky, the arrangement abolishes roughly $100 of debt for every $1 invested:
- Round 1 (September): Over…