You dont have to be rich to do a bit of this actually
RIP Medical Debt is a charity (and therefore takes donations). They buy the rights to medical debt and then forgive them. So far they’ve forgiven over 1B in medical debt.
So a little ray of hope for someone out there today.
Okay but now I know what I want to do of I get rich?
Oliver then proceeded to detail how with $50 and knowledge of the law he was able to successfully apply online to create a debt buying company named “Central Asset Recovery Professionals,” or as Oliver put it, “CARP” named after “a bottom-feeding fish.”
After setting up a rudimentary website for CARP, the satirical, but still real company was offered a $15 million package of medical debt for $60,000.
Oliver explained that the debt was out of statute, which means it is the kind of debt that a collector can only continue to collect, but not sue the debtor for.
Then, instead of chasing down the 9,000 debtors in the debt package as a normal collection agency would, Oliver decided to stage the largest one-time giveaway in television history and work with the nonprofit RIP Medical Debt to forgive the $15 million with no consequences for the debtors.
John Oliver Buys $15M of Medical Debt for $60K and Forgives It All, Because He Could
Donating $10 buys $1,000 of medical debt. This is real, it works, and we’ve done it ourselves. You can too.
There are many layers of ridiculous in being the wealthiest nation with the shittiest healthcare system, and this might be the topmost of said layers.
Reposted from https://lies.tumblr.com/post/682566127792111616.
