Medical debt imposes a crushing burden on millions of Americans. More than 40 percent of Americans owe medical debt, with 18 percent owing $2,500 or more.
Concerned by this issue, states and local governments have passed or are considering programs to fund debt relief. On Monday, Illinois Gov. JB Pritzker announced a plan to eliminate $1 billion in medical debt per year. This adds to more than $12 billion in passed or proposed medical debt relief by 20 other states or local ...