(The Center Square) — New York City Mayor Eric Adams is moving to wipe out more than $2 billion in medical debt owed by hundreds of thousands of New Yorkers.
Adams announced earlier this week that the city will spend $18 million in taxpayer funds over the next three years to pay off medical debt owed by more than 500,000 residents. Officials estimate the move will collectively wipe out more than $2 billion of medical debt.
Adams boasted that the debt relief is the largest initiative of its kind in the country and will help hundreds of thousands of struggling working-class New Yorkers who owe money for medical treatment.
“No one chooses to go into medical debt – if you’re sick or injured, you need to seek care,” the Democrat said in a statement. “But no New Yorker should have to choose between paying rent or for other essentials and