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What will be the impact of New Jersey's $100M medical debt forgiveness program on residents by the end of 2024?
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Resolution / Starting Odds
Significant positive impact • 25%
Moderate positive impact • 25%
No significant impact • 25%
Negative impact • 25%
Surveys or reports from New Jersey state government or relevant social research institutions
Story
NJ Gov. Murphy Forgives $100M in Medical Debt for 50,000 Residents
Aug 20, 2024, 10:37 PM
New Jersey Governor Phil Murphy has announced a significant initiative to forgive $100 million in medical debt, benefiting nearly 50,000 residents. This move is part of a broader effort to alleviate financial burdens on families across the state. The announcement was made on Tuesday, marking one of the largest cases of state-led medical debt relief in the United States. The program aims to provide substantial financial relief to thousands of families, improving their economic stability.
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Less than 10 million • 25%
10 million to 15 million • 25%
15 million to 20 million • 25%
More than 20 million • 25%
Less than $10 billion • 25%
$10 billion to $20 billion • 25%
$20 billion to $30 billion • 25%
More than $30 billion • 25%
Legislation to cap medical costs • 25%
Legislation to expand Medicaid • 25%
Debt buyback programs • 25%
Other solutions • 25%
Buying and retiring debt • 25%
Providing direct financial assistance • 25%
Implementing local legislation • 25%
Other methods • 25%
Increased public sector employment • 25%
Reduction in overall student loan debt • 25%
Legal and political challenges • 25%
Minimal impact • 25%
Less than 5 million • 25%
5 million - 5.5 million • 25%
5.5 million - 6 million • 25%
More than 6 million • 25%
Significant positive impact • 33%
No significant impact • 33%
Negative impact • 33%
$200 billion • 25%
$250 billion • 25%
$300 billion • 25%
$350 billion • 25%
$75 billion • 25%
$80 billion • 25%
$85 billion • 25%
$90 billion or more • 25%