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Topic	Democrat Governors are buying up medical debt to cancel it.
ClayGuida 03/04/24 8:14:00 PM #17:	lydiaquayle posted... Does buying up debt mean that the government is paying full price from health providers? I have concerns that canceling debt is only putting more tax money into the hands of service providers who over-charge for basically anything medically related. If however, we are getting a deal on the debt -- such as buying up debt at 50 cents off the dollar, then this is something that's worth supporting as cost-efficient. They're buying the debt for pennies on the dollar. John Oliver did this a few years back, he bought a few million in debt for like 20k or something. According to Oliver, soon after its creation, Carp was offered a portfolio of medical debt worth $14,922,261.76 at a cost of less than half a cent on a dollar, which is less than $60,000 --- lolAmerica <cite>ClayGuida posted [p:979189853] in Democrat G... [t:80712923]...</cite> <quote>lydiaquayle posted... </cite><quote>Does buying up debt mean that the government is paying full price from health providers?I have concerns that canceling debt is only putting more tax money into the hands of service providers who over-charge for basically anything medically related.If however, we are getting a deal on the debt -- such as buying up debt at 50 cents off the dollar, then this is something that's worth supporting as cost-efficient.</quote>They're buying the debt for pennies on the dollar. John Oliver did this a few years back, he bought a few million in debt for like 20k or something. <quote> According to Oliver, soon after its creation, Carp was offered a portfolio of medical debt worth $14,922,261.76 at a cost of less than half a cent on a dollar, which is less than $60,000</quote> --- lolAmerica</quote> ... Copied to Clipboard!
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