In death, one cancer patient helps to erase millions in medical debt
In death, one cancer patient helps to erase millions in medical debt
A New York woman who died Sunday from cancer has raised enough money to erase million of dollars in medical debt with a posthumous plea for help. Casey McIntyre told followers in a social media message posted by her husband that she had arranged to buy the medical debt of others and destroy it as a ...
RIP, goodhearted woman.
America, if you'd vote for change, this wouldn't be necessary. The US is the only developed country where this is commonplace.
You're viewing a single thread.
How do the economics work if one dollar can erase one hundred dollars of debt? Somehow profit is still made?
You can buy medical debt at a fraction of the face value. That's how these predatory debt collection companies make money.
What's stopping people buying of their own debt? And why is money still being made?
You buy it in bundles. John Oliver did a segment if you want more information on the practice.