3 ms·
I just want to highlight Undue Medical Debt[0], the NGO that helped implement this. They have a fascinating model -- they can buy the right to collect medical
by Taikonerd 9mo ago
I just want to highlight Undue Medical Debt[0], the NGO that helped implement this.
They have a fascinating model -- they can buy the right to collect medical debts for pennies on the dollar. That debt would normally be bought by debt-collection companies. But once Undue Medical Debt buys a person's debt, they just... forgive it.
This means they can retire someone's $5,000 debt for a cost in the low hundreds. That might be life-changing for a poor family.
[0] https://unduemedicaldebt.org/ https://unduemedicaldebt.org/
- ElijahLynn 9mo agoWow, I saw them mentioned in the article, as I was skimming it. But didn't realize that's what was going on! That's a pretty great model!