Connecticut Democratic Gov. Ned Lamont says his state plans on becoming the first one to cancel medical debt, freeing eligible residents from roughly $1 billion in medical bills by using $6.5 million from the COVID-era American Rescue Plan Act.
Lamont made the announcement Friday on ABC News’ ” Good Morning America ,” saying that people in debt from medical bills “should not have to suffer twice — first with the illness, then with the debt.”
Lamont plans on using the 2021 Rescue Plan funds to contract with a nonprofit organization to buy medical debt and eliminate it at a fraction of the cost. The way this works is that the non-profit buys the debt, just like for-profit debt collection firms do, but instead of then pursuing the collection of the debt from the individuals, the non-profit firm just notifies the individuals that their debt has been canceled, according to NPR .
Connecticut […]
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