A recently-released policy memo by The Buckeye Institute exploring the rising costs of healthcare in the U.S. found that the largest single driver of costs in the industry is rising hospital costs.
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Arizona Gov. Katie Hobbs launched a program on Monday aimed at “buying back” medical debt with taxpayer dollars distributed by the federal government.
The program is called “Affordable Arizona: Tackling Medical Debt for Working Families” and it is a public-private partnership between the state of Arizona and RIP Medical Debt, a national nonprofit.
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Connecticut Gov. Ned Lamont plans to cancel up to $1 billion in medical debt for hundreds of thousands of residents, making it the first state to take the step.
Lamont made the announcement Friday during an appearance on ABC News, saying the plans call for leveraging $6.5 million in American Rescue Plan Act funds the state has received to wipe out the medical debt held by about 250,000 residents who meet the basic income qualifications.
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