Good things are happening! Connecticut becomes the first state to cancel medical debt, more states are aiming to make Big Oil pay for climate disasters, new consumer protection rules will block unfair bank fees, and environmental regulators take aim at “forever chemicals” in water.
Connecticut Cancels Medical Debt
Connecticut just launched the first successful state-level effort to address the medical debt crisis. Last Friday, Connecticut Gov. Ned Lamont (D) announced that his administration will be canceling hundreds of millions in medical debt for around 250,000 eligible residents.
Residents of Connecticut will receive this relieving news if their medical debt is greater than five percent of their annual income, or if their household income is below 400 percent of the federal poverty line. The forgiveness program could begin as soon as this summer.