It seems so obvious: Relieve people of medical debt burdens and their mental health and financial profiles will improve.
Well, that isnt always the case, according to a study released April 8 by economists who worked with RIP Medical Debt, the fields leading nonprofit. (Founded in 2014 by two former collections industry executives, RIP rose to national prominence on a 2016 episode ofHBOs Last Week Tonightwith John Oliver in which RIP facilitated the abolishment of $15M in medical debt.)
The Effects of Medical Debt Relief found that, on average, medical debt relief had no impact on mental health among participants in its research.
The study compared 83,000 medical debtors relieved of $169 million in debt from 2018 to 2020 to a contr…
Read the full article at: https://www.forbes.com/sites/davidhessekiel/2024/04/11/medical-debt-relief-how-helpful/