Pennsylvania lawmakers pitch $575M medical debt relief plan

A group of Pennsylvania state lawmakers has introduced a bill in partnership with RIP Medical Debt that could relieve up to $575 million for eligible residents, CBS affiliate WTAJ reported Jan. 23. 

Under the proposed bill, the state would allocate $5 million for the Pennsylvania Medical Debt Repayment Program, according to the report. "Every $1 spent on this program could eliminate over $100 of medical debt – it’s hard to think of a better return on investment for taxpayers," state representative Nick Pisciottano said.

RIP Medical Debt buys bundled debt from hospitals at a fraction of their original cost. 

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