New York City Mayor Eric Adams is launching a new plan that could wipe out hundreds of millions of dollars of medical debt.

<div class="block">New York City Mayor Eric Adams is launching a new plan that could wipe out hundreds of millions of dollars of medical debt.</div>

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NYC Partners With Nonprofit to Wipe Out Medical Debt

Back here in New York City, Mayor Eric Adams is launching a new plan that could wipe out hundreds of millions of dollars of medical debt. That's according to the New York Post, the city is partnering with nonprofit organization R IP Medical debt which purchases debt as a fraction of the original cost and pays it off. Using donation. Typically to qualify participants need to make less than 400% of the federal poverty level or have debt that exceeded 5% of their annual income. According to the organization R IP, medical debt has resolved nearly $10 billion in unpaid bills.