Several organizations revealed Thursday morning that generous donors and organizations paid off almost 24,000 Arkansans' medical debts.
The $35.2 million award announced January 27, 2022 would aid 23,896 people in all 75 Arkansas counties, according to a press release.
According to Joanna Smith-Ramani, managing director of the Aspen Institute Financial Security Program, growing expenses of basic necessities including housing, education, childcare, and healthcare are driving up debt levels.
According to 2015 statistics from the Urban Institute, Arkansas has the second-most non-elderly individuals with past-due medical debt.
The town hall recommended debt avoidance rather than debt reduction.
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Ganesh Natarajan is the Founder and Chairman of 5FWorld, a new platform for funding and developing start-ups, social enterprises and the skills eco-system in India. In the past two decades, he has built two of India’s high-growth software services companies – Aptech and Zensar – almost from scratch to global success.