Governor Cooper of North Carolina and the Department of Health and Human Services are working on a plan to offer hospitals extra Medicaid funding in exchange for eliminating medical debt. This move comes as more than 100 million Americans struggle with unpaid medical bills. Hospitals would have to meet certain conditions, such as relieving $4 billion in existing medical debt and implementing policies to prevent future debt accumulation, to receive the enhanced funds. Those that do not comply would still receive standard payments. State Treasurer Dale Folwell supports the initiative but believes there are better ways to address medical debt relief. The North Carolina Healthcare Association is seeking more details on the plan and emphasizes the importance of involving all stakeholders in finding solutions. The legislation is currently awaiting approval in the House Rules Committee, with the expectation that hospitals will begin forgiving debt for eligible consumers in 2025 and 2026. Governor Cooper views this initiative as a way to alleviate financial burdens for North Carolinians and boost the state’s economic health. The plan aims to bring a significant positive impact to families struggling with medical debt.
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