Establishes a three-year pilot hospital medical debt relief program for eligible New York residents.

The bill establishes a three-year pilot hospital medical debt relief program for eligible New York residents. The program will be administered by a not-for-profit organization contracted by the commissioner. Eligible residents must meet certain income criteria or have hospital-based medical debt equal to five percent or more of their household income. The not-for-profit organization will identify and cancel eligible residents' hospital medical debt by acquiring it from participating hospitals and ensuring it is removed from credit reports.

Establishes a three-year pilot hospital medical debt relief program for eligible New York residents.

The bill establishes a three-year pilot hospital medical debt relief program for eligible New York residents. The program will be administered by a not-for-profit organization contracted by the commissioner. Eligible residents must meet certain income criteria or have hospital-based medical debt equal to five percent or more of their household income. The not-for-profit organization will identify and cancel eligible residents' hospital medical debt by acquiring it from participating hospitals and ensuring it is removed from credit reports.