5 ms·
One part of the article that I noticed particularly was the line about "some hospitals and doctors offices sell their debt to debt buyers, who pay pennies for e
by inetsee 7y ago
One part of the article that I noticed particularly was the line about "some hospitals and doctors offices sell their debt to debt buyers, who pay pennies for each dollar owed...".
There's an organization called RIP Medical Debt that takes donations, uses the money to buy medical debt, then forgives the debt, which (should) clear any credit rating problems. John Oliver even covered the issue on one of his programs, and mentioned RIP Medical Debt. His program then donated enough money to clear millions of dollars in medical debt.
- enonevets 7y agoAfter seeing this comment and the reference to RIP Medical Debt, I got curious and was Googling around about this and came across this article: https://blog.credit.com/2016/06/john-oliver-follow-up-146870/ https://blog.credit.com/2016/06/john-oliver-follow-up-146870... Looks like there are some questions that still needs to be answered about whether this is necessary and if there are still consequences (like tax) for doing so.