A new pilot program in Los Angeles County will cancel medical debt for over 150,000 people.
This program will begin by eliminating $500 million in debt using just $5 million.
The county ultimately aims to cancel $2 billion in medical debt for residents.
https://abc7.com/post/los-angeles-county-eliminate-500-million-medical-debt-thousands-residents/15667781/
This program will begin by eliminating $500 million in debt using just $5 million.
The county ultimately aims to cancel $2 billion in medical debt for residents.
https://abc7.com/post/los-angeles-county-eliminate-500-million-medical-debt-thousands-residents/15667781/
Comments
and if we try it and it works here we are still different so we must stop trying it or even thinking about it
If people default on their dept in the hopes that the county will buy the debt and forgive them, the hospital is on the hook for the 90% of the money.
The hospitals sell the debt to collections in the hope to recover something and the collections pays pennies on the dollar.
The hospital eats the rest of the debt.
The county is forgiving the debt because they …
Insurance companies are the ones that should be paying medical debt