Healthcare cost and policy

New Jersey's $100 million medical debt cancellation

Originally posted by

Go Jersey!

Using $550,000 dollars, NJ bought and canceled $100,000,000 in medical debt for almost 50,000 residents.

The data is conflicting here - one study found that canceling medical debt didn't actually help people as much as originally thought. https://lnkd.in/eXUNw2Rg.

Nevertheless, I'm sure it's a good day for these 50,0000 New Jerseyans.

Originally posted on LinkedIn, where the discussion and source links live in the comments.

About the author

Chris Vanderwolk is Director of Compliance and Innovation at OneDigital | Kistler Tiffany Benefits General Agency, where he helps brokers and employers navigate the regulatory complexity of employee benefits. An ERISA attorney with more than 19 years in the benefits industry, he specializes in translating what the law actually requires into language people can use.

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