After Wiping Out $6.7 Billion in Medical Debt, This Nonprofit Is Just Getting Started || by : Yuki Noguchi : NPR

Posted by Newsbytes • Profile • 08/17/22 at 02:10AM • Community • Economy - Financial - Business • Public Interest • See more by Newsbytes

"The Nonprofit, RIP Medical Debt was launched in 2014. They started raising money from donors to buy up debt on secondary markets — where hospitals sell debt for pennies on the dollar to companies that profit when they collect on that debt....... To date, RIP has purchased $6.7 billion in unpaid debt and relieved 3.6 million people of debt. The group says retiring $100 in debt costs an average of $1.... Read the full NPR article