Now this interesting, I have questions.
The new state plan intends to leverage $6.5 million in American Rescue Plan Act funds to erase approximately $1 billion in medical debt, Lamont said.
“Leverage”? That is a short of $993,500,000, right? What are they going to “leverage” it with, alchemy?
I like the idea of them using my money to help US citizens, but like always, I don’t think they thought it through.
They can wait for the debt to go into collections then buy it for pennies and just erase it.
Who loses?
Nobody loses anything. Hospital got the same pennies they would have gotten from a regular debt collector.
The leverage exists because medical debts are inherently absurd and nobody believes they’ll ever be paid.
That makes sense to you?
It makes sense to me. Which part won’t work?
That nobody loses.
Yes. The hospital is never gonna get this money under any circumstance. They can’t lose something that was impossible to obtain from the start.
Then the answer to my question is: the hospital loses.
On today’s episode of Democrats Grifting (D)umbass Votes - another monetary promise that will disappear as fast as the election is over. 
If the hospitals don’t get pennies on the dollar, the paying rubes with all the money won’t get the hike in medical bills they deserve.
They always lose because of how we structure our system.
They have to work on and fix anyone who comes into the ER. They can’t turn anyone away, even if they have no insurance and no ability to pay the cost.
Said person gets fixed, the hospital throws them a bill a few months later, they refuse to pay or they can’t pay. Hospital sends it to collections. Collection tries to collect. But there’s nothing to take.
In exchange, the former patient has their credit destroyed but that’s all the hospital gets out of it. They don’t actually get restitution.
There’s a reason that hospitals bill health insurance some crazy amounts, which they generally pay. It kind of makes up for that.
Oh. look they can’t go for the student loan lie, so they got a new one… They know you can fool some of the people all the time. See TDS etc…
Yes, we have the dumbest medical system on the face of the earth. Making everyone poorer.
It’s a pretty stupid system.
My question is this. Is the state going to absorb the debt and pay it off to collections and the hospitals?
Or are they just passing a law that says “all current medical debt is hereby canceled.”
Because the second option is going to lead a bunch of ruined credit scores.
I doubt there are any details. It’s just a lie for the next elections… They know dems will fall for it. They are greedy for “free” money as always…
Is that maybe how the NYC hospital was broke before La 'Rona?
So what do we think?
La Rona was the fix. All that sweet government cheese dripping in those IV’s.
