LogFAQs > #979201411

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TopicDemocrat Governors are buying up medical debt to cancel it.
emblem-man
03/05/24 12:53:24 PM
#28:


The state inked a contract with RIP Medical Debt, a nonprofit that will find and buy debt held by collection agencies, medical providers and hospitals using the grant dollars. The money is from the 2021 American Rescue Plan Act.
....
The debt can sometimes be purchased for pennies on the dollar, meaning that $30 million could erase $1.5 billion to $2 billion in debt, said Jeff Smedsrud, a board member at RIP Medical Debt who lives in Scottsdale.


Hell yeah. And don't forget that the American rescue plan is a Biden admin legislature.

Elections have consequences.

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