Is that really the recovery rate on medical debt? Seems like you should never pay it, since it wouldn't really be worth them collecting on it? Do hospital accou

Is that really the recovery rate on medical debt? Seems like you should never pay it, since it wouldn't really be worth them collecting on it? Do hospital accountants recognize the value as basically zero? I would imagine there is a rating system so that whether your debt is worth 99%, 50%, or 1% actually depends on some personal information like what your job is, employer, age, and so on. Thus the very low value debt is basically valued correctly, the win is simply a kind of nominal/value confusion much like the nominal value of an option is not the same thing as what you pay to buy it.