Cook County aims to eliminate $1 billion in medical debt

Cook County President Toni Preckwinkle has unveiled a plan to eliminate $1 billion in medical debt.

Preckwinkle wants the county to invest $12 million from its American Rescue Plan to partner with RIP Medical Debt.

The nonprofit group buys medical accounts for pennies on the dollar and forgives them instantly.

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If the proposal is approved by the county board, recipients will be selected at random based on qualifications like household income.