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Bankruptcy and Defaults
Bankruptcy and Defaults in Health Insurance: the news, the names and what changed.
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More than $1.4B in medical debt erased for nearly 700,000 people in Illinois
4+ hour, 58+ min ago (163+ words) Close-up of a lot of American dollars SPRINGFIELD, Ill. (WICS/WRSP) - More than $1.4 billion in medical debt has been erased for nearly 700,000 Illinoisans. The debt was erased for people in all 102 counties. The state’s original goal through the Illinois Medical Debt…...
State has erased $1.4 billion in medical debt for nearly 700,000 Illinoisans
7+ hour, 36+ min ago (344+ words) SPRINGFIELD, Ill. (WAND) – The Pritzker administration says Illinois has helped eliminate more than $1.4 billion in medical debt for roughly 700,000 people across the state. Illinois leaders set an initial goal of erasing $1 billion in medical debt while spending less than $10 million in…...
Illinois taxpayers foot $10M bill to forgive $1.4B in medical debt
4+ hour, 5+ min ago (549+ words) (The Center Square) – Cook County and state of Illinois officials gathered Thursday to announce roughly $1.4 billion in medical debt has been cancelled through both a state and local program for Illinois residents, but studies show that such programs may not…...
Genesis partners with OSHIIP for free insurance information sessions
1+ day, 12+ hour ago (135+ words) According to Genesis HealthCare System, community members will receive clear, unbiased information at free community sessions on actions they may need to take to ensure their Medicare Advantage and Medicaid plans are accepted at Genesis in 2027.“We have partnered with…...
Wayne County Erases More Than $95 Million in Medical Debt for 102,246 Residents
2+ day, 7+ hour ago (241+ words) Wayne County has wiped out more than $95 million in medical debt for 102,246 residents, according to current program figures from Arab American News. County Executive Warren C. Evans laid out the results in an opinion piece published Oct. 9. The price tag for…...
Nonprofits to erase $34 million in medical debt for 21,000 Kansans
4+ day, 10+ hour ago (419+ words) More than 21,000 Kansans are set to receive a letter this month notifying them that their medical debt has disappeared. A pair of nonprofit organizations announced they will abolish nearly $34 million in medical debt for 21,490 Kansans who meet certain criteria in…...
A new target for preventive care: Medical debt
5+ day, 23+ hour ago (516+ words) County initiative aims to screen L.A. hospital patients to connect more with existing aid. - By NOAM N. LEVEY LAUREN JUSTICE KFF Health News NAMAN SHAH, an epidemiologist with the public health department, is helping lead the countywide effort. Every Tuesday, Naman Shah…...
Oklahoma hospital authority closes deal to end default
1+ week, 2+ day ago (585+ words) Just over a month after missing a Sept. 1 debt service payment, Oklahoma's junk-rated Norman Regional Hospital Authority closed on a $40 million senior bond sale to majority bondholders, who had agreed to a default waiver, according to a disclosure notice. Some…...
Irish commercial debt judgments fall by a quarter as financial distress eases
1+ week, 2+ day ago (505+ words) A sharp decline in the number and value of commercial debt judgments in the first nine months of the year suggests that companies are under less financial pressure than they were a year ago, according to new data. The figures,…...
Letters announcing medical-debt relief arrive as a welcome surprise
1+ week, 6+ day ago (775+ words) Americans owe $220 billion in medical debt, according to a federal survey. It’s one reason health care and affordability are key issues in the upcoming midterm elections and top of mind for people like Brittany Gurney. In September of 2020, her 14-month-old…...