NJ Residents To See $1.1B Of Medical Debt Eliminated In Fourth Round Of Relief

NJ Residents To See $1.1B Of Medical Debt Eliminated In Fourth Round Of Relief

$1.1B In Medical Debt To Be Forgiven In New Jersey - Across New Jersey, NJ - Through the state's partnership with Undue Medical Debt, Governor Phil Murphy said 629,000 residents will see medical debt relief.

NJ’s housing affordability crunch

Many residents under financial pressure are locked out of a new state-funded tax relief program The post Is New Jersey tackling housing affordability the right way? appeared first on NJ Spotlight News.

Gov. Murphy announces $927M in medical debt elimination for 629,000 New Jerseyans

Today, Gov. Phil Murphy announced an additional 629,000 New Jersey residents will see a combined $927 million in medical debt retired through the state’s partnership with Undue Medical Debt, bringing total forgiven debt to over $1.1 billion for 776,000 New Jerseyans since August 2024. By leveraging approximately $5.8 million in American Rescue Plan funds from the state’s investment in medical debt abolishment, Undue has purchased this fourth rou…

NJ erases another $927M in medical debt

Gov. Phil Murphy announced Monday a fourth round of medical debt relief for New Jerseyans. NJBIZ has reported on the previous rounds. Through a partnership with Undue Medical Debt, the state leverages American Rescue Funds and Undue purchases large, bundled portfolios of past-due medical debt for pennies or less on the dollar. Then, rather than collect, Undue erases the debt. This latest round leverages roughly $5.8 million ARP funds (from the s…