US EditionMedical debt, North Star Promise and housing: This week in the Minnesota Legislature
- A nonprofit, Undue Medical Debt, is paying off $30 billion in medical bills for approximately 20 million people through a deal with Pendrick Capital Partners, which will help many avoid debt collection.
- The average debt being retired is $1,100, and the deal primarily benefits residents in Texas and Florida, who hold about half of the outstanding debts being retired.
- Undue Medical Debt plans to fully pay the remaining debts over the next year and a half, focusing on those with incomes at or below four times the federal poverty level.
- The chief executive of Undue Medical Debt stated that the deal does not address the larger crisis of medical debt impacting around 100 million Americans, highlighting the broader issue of healthcare debt.
25 Articles
25 Articles
Bill aims to limit ‘North Star’ scholarship - Albert Lea Tribune
By Yvette Higgins,Report for Minnesota Some Republicans in the Minnesota House are pushing to limit financial aid scholarships to students who are on a track to enter into high-demand careers in Minnesota. North Star Promise provides financial aid to low-income Minnesota residents studying at any Minnesota State College or University, University of Minnesota campus, or Tribal college if students meet certain conditions. If a bill by Rep. Ben Bak…
Medical debt, North Star Promise and housing: This week in the Minnesota Legislature
ST. PAUL — The Minnesota Legislature heard a wide array of bills this week as it approaches mid-April committee deadlines, including bills on medical debt, higher education tuition and housing. Minnesotans rally for ‘debt reset’ bill Minnesota Attorney General Keith Ellison, St. Paul Mayor Melvin Carter, lawmakers and faith leaders rallied Wednesday, April 2, at the Capitol in support of the “Minnesota Medical Debt Reset Act,” SF1347/HF1646, whi…
Georgia Public Broadcasting
Major deal wipes out $30 billion in medical debt. Even backers say it's not enough
Undue Medical Debt is retiring unpaid medical bills for 20 million people. The debt trading company that owned them is leaving the market.
Major deal wipes out $30 billion in medical debt. Even backers say it’s not enough – DG Verifications & Stats
Undue Medical Debt is retiring $30 billion in unpaid medical bills for 20 million people. DNY59/Getty Images/E+ DNY59/Getty Images/E+ Underscoring the massive scale of America’s medical debt problem, a nonprofit has struck a deal to pay off old medical bills for an estimated 20 million people. New York-based Undue Medical Debt, which buys patient debt, is paying off $30 billion worth of unpaid bills in a single transaction with Pendrick Capital …
thepublicsradio.org
Bioethics.comMajor deal wipes out $30 billion in medical debt. Even backers say it’s not enough
Undue Medical Debt is retiring unpaid medical bills for 20 million people. The debt trading company that owned them is leaving the market. The post Major deal wipes out $30 billion in medical debt. Even backers say it’s not enough appeared first on TPR: The Public's Radio.
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