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New Jersey canceling $100M in medical debt
The Hill ^ | 08/21/2024 | LAUREN IRWIN

Posted on 08/21/2024 10:54:57 AM PDT by ChicagoConservative27

New Jersey Gov. Phil Murphy (D) announced Wednesday the state would cancel $100 million in medical debt for nearly 50,000 residents.

“Medical debt can follow someone for decades. We are wiping the slate clean for thousands and making a real impact on their lives,” Murphy posted on the social platform X.

New Jersey is working with the nonprofit Undue Medical Debt, which said in a release it is working with the state to leverage more than $550,000 in American Rescue Plan federal funds.

Nearly 18,000 New Jersey residents owned $61.6 million to Prime Healthcare hospitals, and more than 31,000 people owed more than $38.4 million to other providers like collections agencies, according to the nonprofit.

(Excerpt) Read more at thehill.com ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: canceling; debt; medical; newjersey
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I'm guessing you didn't explain who was paying for this? Murphy is a Jag bag. 🙄
1 posted on 08/21/2024 10:54:57 AM PDT by ChicagoConservative27
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To: ChicagoConservative27

Anyone who thought this was stopping with the education loans hasn’t been paying attention.


2 posted on 08/21/2024 10:56:27 AM PDT by CatOwner (Don't expect anyone, even conservatives, to have your back when the SHTF in 2021 and beyond.)
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To: ChicagoConservative27
...leverage more than $550,000 in American Rescue Plan federal funds.

Nearly 18,000 New Jersey residents owned $61.6 million to Prime Healthcare hospitals, and more than 31,000 people owed more than $38.4 million to other providers like collections agencies, according to the nonprofit.

That's a LOT of leverage!

3 posted on 08/21/2024 10:59:08 AM PDT by MortMan (Charter member of AAAAA - American Association Against Alliteration Abuse)
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To: ChicagoConservative27

Our “leaders” are increasingly discovering the short-term political advantages of currency debasement and government debt spending, all created and sustained by our printed, fiat, centrally-controlled monetary system.

We are truly in the “bread and circuses” phase of imperial decline.


4 posted on 08/21/2024 10:59:31 AM PDT by PGR88
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To: CatOwner

Precisely right. Vote buying with taxpayer money continues apace.


5 posted on 08/21/2024 10:59:42 AM PDT by Starboard
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To: ChicagoConservative27

Someone either has to pay (I’ll assume the state’s taxpayers) or the hospitals will just have to eat the debt, which they’ll just pass on in higher costs and fees to the rest of us.

So bottom line—we—us working people—have to pay.


6 posted on 08/21/2024 11:00:06 AM PDT by Alas Babylon! (Repeal the Patriot Act; Abolish the DHS; reform FBI top to bottom!)
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To: ChicagoConservative27
“Medical debt can follow someone for decades. We are wiping the slate clean for thousands and making a real impact on their lives,”

Very true, but in a bad way. Don't you think stealing $100m from hospitals will affect the ability of those hospitals to provide medical care? If not, I've got a real good deal for you on a bridge.

7 posted on 08/21/2024 11:02:26 AM PDT by econjack
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To: ChicagoConservative27

Unless he is saying that medical professionals won’t get paid for the work they’ve done, he must mean that the debt hasn’t been cancelled but has been shifted to someone else.


8 posted on 08/21/2024 11:06:31 AM PDT by Steve_Seattle
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To: ChicagoConservative27

Strong motivation for nobody to pay their bills. Brilliant.


9 posted on 08/21/2024 11:09:39 AM PDT by Sequoyah101 (More important than why there was nobody protecting the AGR roof, how did Crooks know that?)
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To: ChicagoConservative27
As Milton Friedman famously stated: "All debts get paid." In reading the article, it said $100 million in debt, but the article said: "...it is working with the state to leverage more than $550,000 in American Rescue Plan federal funds..."

So...exactly.

We know now who is paying for $550,000 of people's debt. We who pay federal taxes are all going to pay that.

Gee. Who is going to cover the other $99,450,000 dollars worth of debt?

10 posted on 08/21/2024 11:11:06 AM PDT by rlmorel (J.D. Vance and The Legend of The MaMaw of The 19 Loaded Guns!)
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To: PGR88

Agreed.

Politicians definitely get more bang for their buck doing it rather than fixing what is causing the outrageously high medical bills!


11 posted on 08/21/2024 11:11:41 AM PDT by TheDon (Resist the usurpers! Remember the J6 political prisoners!)
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To: ChicagoConservative27

$100 million divided by 50,000 is only 2,000 per person. That does not seem like an insurmountable, unpayable amount, but something that most people could easily pay off in less than two years. I’m not wealthy, and I could pay it off in four months and barely even notice it.


12 posted on 08/21/2024 11:12:15 AM PDT by Steve_Seattle
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To: ChicagoConservative27

The O Body”Care” O-Affordable Care Act in action.

Right out from the Shake Down Man, Imposter, who spoke at 11:00 PM DNC, in your face convention.

Cancelling the affordable bills. How’s that.


13 posted on 08/21/2024 11:17:21 AM PDT by Varsity Flight ( "War by 🙏 the prophesies set before you." I Timothy 1:18. Nazarite warriors. 10.5.6.5 These Days)
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To: ChicagoConservative27

Stupid Drunken Mick politician trying to pull some of Bidenskyyyyyyyyyyyyyyyy’s commie voter BS of forcing others to pay other people’s bills. Politicians should not be allowed to pull this BS. Doctors and hospitals need to start refusing service until they are paid first. Nobody I know works for free. The days of slavery are over except for the jerks remaining on the RAT plantation.


14 posted on 08/21/2024 11:18:22 AM PDT by FlingWingFlyer (The Banana Voo Doo Queen is putting illegal scumbags on a Free Ride on the American Dream Express.)
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To: rlmorel
Gee. Who is going to cover the other $99,450,000 dollars worth of debt?

Also from Milton Friedman: "Inflation is the one form of taxation that can be imposed without legislation."

So when you see that your pound of hamburger or new air-conditioner has doubled in price, you can know that extra money you are paying has already been spent by politicians to wage a war, forgive someone else's debt, or pay for some new leftist social-engineering scheme.

15 posted on 08/21/2024 11:23:33 AM PDT by PGR88
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To: Steve_Seattle; ChicagoConservative27

And he uses federal funds to pay for it! What a guy.

Many churches in our area of Texas will raise money to buy out medical debt. We all know that medical fees are just shifted from one debtor to another.

I wonder how many of the affected hospitals in NJ are county or state hospitals? Then it is paid for already with their taxes.

If hospitals didn’t charge $4,000 per night in the hospital then it wouldn’t affect the uninsured/under-insured so much. Add the other fees, and then insurers using AI to slow down claims payment, and it wouldn’t be so bad.

And if the feds wouldn’t pay so little on Medicare bills, and pass it out like candy, then the industry wouldn’t be so chaotic.


16 posted on 08/21/2024 11:23:42 AM PDT by texas booster (Join FreeRepublic's Folding@Home team (Team # 36120) Cure Alzheimer's!)
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To: ChicagoConservative27
“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.”

― Alexander Fraser Tytler

17 posted on 08/21/2024 11:26:08 AM PDT by Angelino97
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To: ChicagoConservative27

Beginning after the election- just in time to cancel everything.


18 posted on 08/21/2024 11:26:59 AM PDT by Mark (DONATE ONCE every 3 months-is that a big deal?)
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To: ChicagoConservative27

There goes my insurance rates.


19 posted on 08/21/2024 11:32:08 AM PDT by mware
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To: ChicagoConservative27

So they are taking money stolen from taxpayers and giving it to those with medical debt.

This says two things.

First the medical system is broken.

Second it’s so bad we have to steal from people who had their own dreams for that money.


20 posted on 08/21/2024 11:32:53 AM PDT by aMorePerfectUnion (🦅 MAGADONIAN ⚔️ )
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