RIP Medical Debt has found a working formula to relieve medical debt for millions of people. It still has room to grow.
This undated photo provided shows Allison Sesso. The New York nonprofit uses donations to buy medical debt in bulk from hospitals and debt collectors for pennies on the dollar. It mostly targets the debt of people with low incomes and then forgives the amounts.
The New York nonprofit uses donations to buy medical debt in bulk from hospitals and debt collectors for pennies on the dollar. It mostly targets the debt of people with low incomes and then forgives the amounts. Founded in 2014, the organization says that it has relieved more than $8.5 billion in medical debt so far.RIP Medical Debt named Allison Sesso CEO shortly before the pandemic hit in 2020. She wants to continue expanding the amount of debt her organization buys, especially from hospitals. She also wants to draw more attention to a system that keeps generating debt.
The 47-year-old executive spoke recently with The Associated Press. The conversation has been edited for clarity and length.A: It can be from dental work. It can be from a hospital bill. It is more about how good your coverage is and how expensive the cost is and loopholes within the system than it is from the provider type.A: I had this assumption that medical debt was burdening people in large sums.
Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Paul Gibbs: Utah has the chance to ease medical debt for its familiesPaul Gibbs: 'In a state which proudly proclaims its emphasis on families, we cannot leave families to languish under this inescapable burden any longer.'
Lire la suite »
R.I.P. De La Soul’s Trugoy The DoveThe influential rapper's death comes weeks before De La Soul's music is finally set to hit streaming services
Lire la suite »
Eagles players rip State Farm Stadium’s turf, ‘the worst’ field conditionsEdge rusher Haason Reddick said, 'this is the worst field I’ve ever played on,' after the Eagles Super Bowl loss against the Kansas City Chiefs in Glendale, Arizona.
Lire la suite »
‘RIP good boy’: Sheriff’s office mourns K-9 shot, killed in the line of dutyA K-9 in Colorado was shot and killed in the line of duty early Monday morning, officials confirmed.
Lire la suite »
‘RIP good boy’: Sheriff’s office mourns K-9 shot, killed in the line of dutyA K-9 in Colorado was shot and killed in the line of duty early Monday morning, officials confirmed.
Lire la suite »
Meet a new mom with $90K in student debt, tired of 'the unfair game'Meet a new mom with $90,000 in student debt who's tired of 'the unfair game' of Biden's loan forgiveness: 'We need this fix'
Lire la suite »