New Jersey To Erase $100M Of Medical Debt

New Jersey will forgive $100 million in medical debt for nearly 50,000 residents, reports Healthcare Dive. This initiative will erase debts owed to Prime Healthcare hospitals and other providers, alleviating financial strain on low-income residents. The state will erase debt from nearly 18,000 New Jersey residents with outstanding medical bills from Prime Healthcare hospitals, and another 32,000 New Jerseyans with debt owed to other providers through the secondary debt market, largely collections agencies. Patients who qualify have incomes up to four times the federal poverty level or have medical debts that equal 5 percent or more of their annual income.