Americans owe $220 billion in medical debt, and health care costs are the number one cause of bankruptcy. Now states and local governments are canceling more and more medical debt. North Carolina is one state leading the way, aiming to cancel $4 billion. www.nbcnews.com/health/healt... - ThreadSky

moreperfectunion.bsky.social • 71 days ago

Americans owe $220 billion in medical debt, and health care costs are the number one cause of bankruptcy.

Now states and local governments are canceling more and more medical debt.

North Carolina is one state leading the way, aiming to cancel $4 billion.

https://www.nbcnews.com/health/health-news/-miracle-nc-couple-free-nearly-100000-medical-debt-15-years-rcna183426

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moneyisspeech.bsky.social•71 days ago

UnitedHealth Group reported profits of
$22.3 billion in 2023
$20.6 billion in 2022
$17.3 billion in 2021
$15.4 billion in 2020
$13.8 billion in 2019

Americans are going deep into debt so that corporate executives and shareholders can buy more luxury yachts.

This is abominable.

caliartist.bsky.social•71 days ago

Deplorable

emilysium.bsky.social•71 days ago

I'm glad they are finally realizing they are evil at least, we need to keep the pressure up to make sure they realize small token gestures while welcome are not our end goal.

ejwb24.bsky.social•70 days ago

So who covers the costs? More medical insurance companies will charge it back to the insured.

aviendha69.bsky.social•71 days ago

Jubilee?

the-alchemist-01.bsky.social•71 days ago

badgerff.bsky.social•71 days ago

Performative knee-jerk response. Obviously half-assed but good none the less.

mambosauce.bsky.social•71 days ago

I worry that this is a short term distraction from the meaningful change we need.

Don't get comfortable because of these changes.

We need universal healthcare. This debt shouldn't exist to begin with.

caliartist.bsky.social•71 days ago

ALL STATES SHOULD CANCEL ALL MEDICAL DEBT.

NEXT, LET'S NOT REQUIRE TOTAL POVERTY TO GET PUBLIC HEALTHCARE.

kayvman.bsky.social•71 days ago

This is great but states are using people’s money to pay immoral medical debt. So the perpetrators are still being rewarded. We’re not going to make it like this.

caliartist.bsky.social•71 days ago

Heaven forbid we subsidize healthcare directly by simply providing it UNIVERSALLY with no one left out, no one excluded, and no one bankrupted because they dare have medical needs.

dognutz.bsky.social•71 days ago

Genocide

kevinmlynch.bsky.social•68 days ago

This title reads like the state canceled debt which they clearly did not. The hospital system canceled the debt - specific to the couple in NC. What am I missing?

pikacha.bsky.social•71 days ago

It's great to read, but lest we forget, these are all mere breadcrumbs. The problem is systemic, and these are not solutions to the systemic problem, they're mollifiers.

ericleitzen.bsky.social•71 days ago

Well it's either that or canceling more CEOs?

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