Could Medical Debt Forgiveness Follow Student Loans?

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Millions of Americans suffer with medical debts they are struggling to pay, but what is the government planning to do about it?

Millions of Americans have medical debts and want the federal government to introduce a forgiveness scheme, like the one for student loans—but is this likely, and would a one-off program solve the root problem?Loan forgiveness has become a hot topic in recent years following the Biden administration's en masse policies to eradicate education bills for borrowers of all ages and incomes.

'For example, the availability of short-term, limited-duration health plans have been limited, the availability of financial assistance to purchase health insurance plans in the marketplace has been expanded and, for the first time since prescription drug coverage was added to Medicare, there is now an out-of-pocket maximum for prescription drug costs.

 

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