{"id":2157028,"date":"2024-01-23T14:20:02","date_gmt":"2024-01-23T19:20:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/nyc-mayor-adams-says-hell-wipe-more-than-2b-in-medical-debt-for-500k-residents\/"},"modified":"2024-01-23T14:20:02","modified_gmt":"2024-01-23T19:20:02","slug":"nyc-mayor-adams-says-hell-wipe-more-than-2b-in-medical-debt-for-500k-residents","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/nyc-mayor-adams-says-hell-wipe-more-than-2b-in-medical-debt-for-500k-residents\/","title":{"rendered":"NYC Mayor Adams Says He\u2019ll Wipe More Than $2B In Medical Debt For 500K Residents"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">30<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fnyc-mayor-adams-says-hell-wipe-more-than-2b-in-medical-debt-for-500k-residents%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2157028&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p><!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><html><body><\/p>\n<div class=\"entry-content\">\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">NEW YORK, NEW YORK \u2013 JANUARY 15: Mayor of New York City Eric Adams speaks on stage. (Photo by Jason Mendez\/Getty Images for (BAM) Brooklyn Academy of Music)<\/figcaption><\/figure>\n<p>OAN\u2019s\u00a0<a href=\"https:\/\/www.oann.com\/tag\/brooke-mallory\">Brooke Mallory<\/a><br \/>11:18 AM \u2013 Tuesday, January 23, 2024<\/p>\n<p>Following significant criticism for his erratic, unstable leadership in the face of the migrant crisis that is depleting city resources, Mayor Eric Adams declared on Monday that New York City now plans to eliminate up to 500,000 citizens\u2019 medical debt, totaling more than $2 billion, in order to address a \u201cmajor contributor to personal bankruptcy.\u201d<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-3\" style=\"min-width: 320px; min-height: 50px; text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-3'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>The city will be collaborating with <a href=\"https:\/\/ripmedicaldebt.org\/\" data-type=\"link\" data-id=\"https:\/\/ripmedicaldebt.org\/\" target=\"_blank\" rel=\"noreferrer noopener\">RIP Medical Debt<\/a>, a charity that pays hospitals and debt collectors cents on the dollar for large amounts of medical debt. The organization targets and then forgives the debt of those who are struggling financially or have low salaries.<\/p>\n<p>Over the next three years, the city will reportedly spend $18 million to cover the costs of the program.<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>\u201cFor middle- and working-class New Yorkers, medical bills can be financially devastating,\u201d Adams (D-N.Y.) said as he announced the plan. \u201cWorking-class families often have to choose between paying their medical bills or some of the basic essentials that they need to go through life.\u201d<\/p>\n<\/blockquote>\n<p>Dr. Ashwin Vasan, commissioner of the New York City Department of Health, stated that people\u2019s choices frequently have disastrous effects on their health.<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>\u201cThe evidence is clear that the people who struggle to pay medical debt are sicker, more likely to have high blood pressure, and shorter life expectancy,\u201d Vasan said.<\/p>\n<\/blockquote>\n<p>According to the NYC mayor, medical debt disproportionately affects low-income households and those with inadequate insurance, making it the leading cause of bankruptcy in the U.S. Even though RIP Medical Debt has collaborated with other major cities, he referred to the debt reduction program as the biggest municipal endeavor of its kind in the nation.<\/p>\n<p>President and CEO of RIP Medical Debt, Allison Sesso, announced that there will not be an application process for the initiative. Recipients of relief will be informed that a third party has purchased and eliminated their debt.<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>\u201cWe identify everyone that is 400% of poverty or below or if the debt is 5% or more of their income and then we relieve those debts,\u201d Sesso said.<\/p>\n<\/blockquote>\n<p>When Astoria resident Drew Mehalek fell on the ice and was faced with unforeseen medical expenditures, he was on the verge of even greater financial devastation due to his debts. However, RIP paid his obligation.<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>\u201cIt\u2019s such an enormous relief. It\u2019s no longer dragging behind me like a ball and chain,\u201d Mehalek said.<\/p>\n<\/blockquote>\n<p>Despite the city\u2019s financial difficulties, Adams still maintained that New York City would greatly benefit from the $18 million pledge spread over three years.<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>\u201cIf you are able to \u2026 save $2 billion in debt, that $2 billion trickles down to those households, who are not going to fall into our safety net,\u201d Adams said. \u201cThey\u2019re not going to fall into our homeless system.\u201d<\/p>\n<\/blockquote>\n<p>Stay informed! Receive breaking news blasts directly to your inbox for free. Subscribe here.\u00a0<a href=\"https:\/\/www.oann.com\/alerts\">https:\/\/www.oann.com\/alerts<\/a><\/p>\n<\/p>\n<div id=\"rc-widget-10bad2\" data-rc-widget data-widget-host=\"habitat\" data-endpoint=\"\/\/trends.revcontent.com\" data-widget-id=\"278641\"><\/div>\n<p class=\"dpsp-share-text\" style=\"margin-bottom:10px\"> \t\tShare this post!\t<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Gianna Jessen<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Karoline Leavitt<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Peter Schiff<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Ron Vitiello<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Legacy automakers are leaning on their Formula E electric racing teams to build better EVs with greater range and efficiency, or a lower price tag.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>AI startup ElevenLabs gained unicorn status as surging investor interest for generative AI technology sends startup valuations soaring.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Binance is due to square off against the SEC next week in another high-profile hearing involving a crypto exchange that could define how cryptocurrencies are regulated.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Executives at the WEF say they are grappling with how to turn early demos into money-makers.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, NEW YORK \u2013 JANUARY 15: Mayor of New York City Eric Adams speaks on stage. (Photo by Jason Mendez\/Getty Images for (BAM) Brooklyn Academy of Music) OAN\u2019s\u00a0Brooke Mallory 11:18 AM \u2013 Tuesday, January 23, 2024 Following significant criticism for his erratic, unstable leadership in the face of the migrant crisis that is depleting<\/p>\n","protected":false},"author":1866,"featured_media":2157029,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-2157028","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2157028","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1866"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2157028"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2157028\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2157029"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2157028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2157028"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2157028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}