Another more than $200 million in medical debt has been wiped out for Arizonans. And the recipients are going to know who to thank: Gov. Katie Hobbs.
The new figure was announced Monday by Allison Sasso. She’s the president and CEO of Undue Medical Debt, a company that agreed earlier this year to use some $10 million in state American Rescue Plan COVID relief dollars to buy up medical debt from hospitals and doctors for a few pennies on the dollar, eliminating a negative mark on the credit reports of those who racked up the bills.
All totaled, according to the governor’s office, the program has so far erased $642 million owed by more than 485,000 Arizonans.
Isn’t that debt still paid back to the private insurance companies?
Better people’s debt is erased, but even better if the debt is absorbed by the insurance companies which is the point of having insurance in the first place.
Yes but only at a fraction of what these companies act like it should be. When a company is telling you it costs $100 but then magically will take $1 for the same services…some shit is going on with the system.
Medicine company sets the highest price the government is prepared to subsidize on behalf of Americans who can’t pay. But for some corrupt reason, the government sucks at negotiating.