"RIP's model turns debt collection on its head: Normally, debt collectors buy unpaid bills to then try to collect the owed funds. RIP identifies unpaid hospital bills owed by people making up to four times the federal poverty level, then buys that debt on secondary markets or directly from hospitals at a small fraction of the original value. Instead of trying to collect, RIP forgives it — so it simply disappears for the patients who owe."
https://www.npr.org/sections/health-shots/2024/01/23/1225014618/nyc-joins-a-growing-wave-of-local-governments-erasing-residents-medical-debt
#healthcare #hospitals #debt
Bích-Mây Nguyễn :verified: /
npub1pv…zxcs8
2024-01-24 02:23:01
Author Public Key
npub1pvedlj030w72mcryqx7qcuecq6pgy3mne5x9v6jhsppyy4sy5vas8zxcs8Published at
2024-01-24 02:23:01Event JSON
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"content": "\"RIP's model turns debt collection on its head: Normally, debt collectors buy unpaid bills to then try to collect the owed funds. RIP identifies unpaid hospital bills owed by people making up to four times the federal poverty level, then buys that debt on secondary markets or directly from hospitals at a small fraction of the original value. Instead of trying to collect, RIP forgives it — so it simply disappears for the patients who owe.\"\n\nhttps://www.npr.org/sections/health-shots/2024/01/23/1225014618/nyc-joins-a-growing-wave-of-local-governments-erasing-residents-medical-debt\n\n#healthcare #hospitals #debt",
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