NY A03580

Establishes a three-year pilot program where the Health Commissioner contracts with a not-for-profit organization to identify and cancel hospital medical debt for eligible New York residents

Defines eligible residents as those with household income at or below 400% of federal poverty guidelines, or those whose hospital medical debt equals 5% or more of household income

Requires the not-for-profit organization to purchase medical debt at or below fair market value or receive it as donations from participating hospitals, then cancel the debt

Prioritizes debt relief for eligible residents whose debt is 18 months or older and those living in lowest-income zip codes

Exempts cancelled medical debt from New York state income tax and requires participating hospitals to notify credit reporting agencies to remove cancelled debts from recipients' credit reports

Mandates annual public reporting on program outcomes including total debt discharged, number of residents helped, and demographic breakdowns by zip code and poverty level