New Charity:RIPMedicalDebt.org

https://ripmedicaldebt.org/

NPR news story about the charity:https://www.npr.org/sections/health-shots/2022/08/15/1093769…
This group’s wiped out $6.7 billion in medical debt, and it’s just getting started
Soon after giving birth to a daughter two months premature, Terri Logan received a bill from the hospital. She recoiled from the string of numbers separated by commas.

Logan, who was a high school math teacher in Georgia, shoved it aside and ignored subsequent bills. She was a single mom who knew she had no way to pay.

Then a few months ago — nearly 13 years after her daughter’s birth and many anxiety attacks later — Logan received some bright yellow envelopes in the mail. They were from a nonprofit group telling her it had bought and then forgiven all those past medical bills.

This time, it was a very different kind of surprise: “Wait, what? Who does that?”
https://ripmedicaldebt.org/
This charity was started by 2 former medical bill collectors.

Antico and Ashton launched RIP Medical Debt 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.
The group says retiring $100 in debt costs an average of $1.

Yet RIP is expanding the pool of those eligible for relief. Sesso said that with inflation and job losses stressing more families, the group now buys delinquent debt for those who make as much as four times the federal poverty level, up from twice the poverty level.

I have NOT investigated this charity. Just bringing this charity & the NPR story to the board’s attention. Certainly do your own due diligence before contributing to it.

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I have NOT investigated this charity. Just bringing this charity & the NPR story to the board’s attention. Certainly do your own due diligence before contributing to it.

According to Charity Navigator, they have a 100% rating based on the most current data from 2019.

https://www.charitynavigator.org/ein/471442997

And, from the charity’s home page:

For those whose medical debts are relieved, the relief is a gift from a detached and disinterested third party (RIP) as an act of generosity, so relief of the debt does not count as income to the debtor.

https://ripmedicaldebt.org/faq/do-recipients-of-debt-forgive…

Very, very cool.

tjscott0, thank you for posting this.

AW

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