Cleveland city council set to pass medical debt relief bill, which would use ARPA dollars to eliminate up to $190 million owed by the city's poorest residents
Cleveland City Council will vote tonight on a bill that would help cancel nearly $190 million in medical debt held by around 50,000 Clevelanders.
The legislation would have the city partner with RIP Medical Debt, a national nonprofit which has eliminated nearly $9 billion in medical debt for roughly 5.5 million families. To accomplish this, RIP Medical Debt buys millions of dollars in debt that has reached “bad debt status,” meaning the debt has gone unpaid long enough that the owner of the debt, in this case the hospital, sells it off to a debt buyer or transfers it to a collection agency.
Although only residents in the city of Cleveland will be eligible to have their debt bought and canceled by the $1.9 million in recovery funds, because hospitals may also share debt portfolios from those outside city limits, RIP Medical Debt may still cancel debts of others.
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