$17,000 wipes out $1,600,000 of medical debt

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A group of Philadelphians erased $1.6 million in local medical debt. They celebrated with an unofficial debt burning.

Letters informing beneficiaries are slated to go out mid-September

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I can see the state house making that illegal except if you are a collection agency or the arm of a financial institution.

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That’s old news. Unpaid medical debt gets sold to debt collectors at deep discounts. Charities with the resources can buy it and forgive the debt.

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Thanks for sharing. I am reminded that I need to donate.

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Nope.

While unveiling his 2024 city budget address on Thursday, St. Paul Mayor Melvin Carter said he aims to devote $1.1 million toward buying off upwards of $100 million in medical debt associated with St. Paul residents, a one-time purchase made possible by leftover federal American Rescue Plan funding.Aug 11, 2023

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