How This City ERASED $1 Billion In Medical Debt
Up to $1.5 billion of medical debt is being cancelled by local governments thanks to funds from Democrats’ American Rescue Plan. Chicago, Toledo, Pittsburgh & New Orleans have teamed up with the nonprofit RIPMedicalDebt to forgive the debt. With just $1 they can eliminate $100 in debt.
RIPMedicalDebt, founded by two former debt buyers, partners with local governments to purchase debt from local hospitals and then erase it. Debt buyers, like collection agencies, purchase delinquent debt for a fraction of its face value.
Residents who make less than 400% of the poverty line or who are spending over 5% of their income on medical bills automatically qualify.
Local governments have relieved nearly $1.5 billion of debt using just $15.9 million. Cook County, IL will cancel $1 billion in debt. Toledo will cancel $240 million. New Orleans plans to eliminate $130 million. Pittsburgh will forgive $115 million.
Dozens of other local governments have already reached out RIPMedicalDebt to get their own programs running. If you want to bring the program to your city, learn more here: https://ripmedicaldebt.org/campaigns/#start-a-campaign
-----
More Perfect Union makes media to build power for workers. Learn more here: http://perfectunion.us/
Follow us on Twitter: https://twitter.com/MorePerfectUS
Instagram: https://www.instagram.com/perfectunion/
Facebook: https://www.facebook.com/MorePerfUnion
-
1:14:29
Edge of Wonder
9 hours agoGlobal Cyber Attack? & Mandela Effect Disney Tinker Bell Intro Doesn’t Exist
50.1K30 -
57:14
The StoneZONE with Roger Stone
6 hours agoDemocrats Panic As Trump Delivers Historic Unity Speech At RNC | The StoneZONE w/ Roger Stone
50.8K13 -
3:58
John Rich Official
11 days ago"Revelation" by John Rich featuring Sonya Isaacs
154K230 -
MissesMaam
9 hours agoGrinding Achievement + Perfection | Stardew Valley 💚✨ pt. 38
90.2K12 -
59:17
Lee Camp
12 hours agoBREAKING: Yemen Strikes Tel Aviv! + US Declares Aid Pier FINISHED
90.8K -
1:04:35
In The Litter Box w/ Jewels & Catturd
1 day agoFight! Fight! Fight! | In the Litter Box w/ Jewels & Catturd – Ep. 608 – 7/19/2024
114K41 -
1:42:54
Revenge of the Cis
9 hours agoMovie Riff: Apocalypse 4 Judgement
83.6K6 -
1:04:58
Exploring With Nug
13 hours agoUnsolved: The Disappearance of College Freshman Justin Gaines
78.8K8 -
2:04:58
TENET Media
10 hours agoTrump Assassination BREAKING Woke TV w/The Quartering | The Culture War with Tim Pool
78.1K25 -
1:32:41
Robert Gouveia
15 hours agoSecret Service COMPLICIT; FURIOUS Senators Confront Director; New Timeline DEMOLISHES Cover-up
114K340