As of July 1, new legislation went into effect to help Vermonters struggling with medical debt.State Treasurer Mike Pieciak said the initiative is a two-step approach. The new law will erase $1 million of debt for working and middle-class Vermonters. This is an automatic entry, so people who are eligible do not need to apply.It will also remove medical debit from credit reports, regardless of income status.Pieciak said his office will be working with Undue Medical Debt, an organization that negotiates with hospitals and other healthcare centers.”Undue Medical Debt has a long track record of buying and forgiving medical debt across the country. They just surpassed $15 billion, but they also just announced that they’re eliminating…
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