- Nominated Cause
- This is the official discussion thread for the cause RIP Medical Debt. Its EIN is 47-1442997 and it's a public charity based in Rye, NY. Research more info about the cause on GuideStar and Charity Navigator.
RIP Medical Debt empower donors to forgive the billions in oppressive medical debt at pennies on the dollar, so far $1.4 billion for ~650,000 Americans.
This charity based out of NY has a goal to abolish $1 billion dollars in personal medical debt. We estimate that raising $14.4 million in donations will allow us to purchase and forgive $1 billion in medical debt. More than $100 billion in unpaid medical debt every year has an adverse impact on debtor patients, physicians and hospitals. Unpaid medical debt negatively affects the doctor-patient relationship, causing many patients to shun needed care and even file personal bankruptcy. Unpaid medical debt is detrimental to the health of the medical industry, too. Unpaid patient debt has led to the closure or sale of physician practices and community hospitals. The vast majority of unpaid medical accounts end up on the desks of third-party collectors, who subject patients to a campaign of phone calls and letters demanding payment. Once a collection agency siphons what it can from a medical debt portfolio, remaining accounts often are sold to a second agency, when the letters and calls begin anew. More than 52 percent of Americans have a medical collection action on their credit reports. RIP Medical Debt intends to drive a stake through the heart of this medical debt collection cycle. We want to put it to rest, forever.
Watch John Oliver’s 3 minute video about it here: https://www.ripmedicaldebt.org/about/
Great Chicago Sun Times article about it here: https://www.chicagotribune.com/news/breaking/ct-chicago-millions-medical-debt-erased-20191020-rrhuxwepancrdhcn2gkdtvlp6e-story.html
- This topic was modified 8 months ago by Alistair a....