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Healthcare Startup Diverting Revenue To Purchase, Forgive $16M in Unpaid Medical Debts

A start-up company that helps individuals get money back from their healthcare insurance providers is dedicating 100% of its revenue from the next several months to purchase $16 million in unpaid healthcare debts so they can be forgiven, much like HBO’s John Oliver did last year and a group of Minnesota nurses did recently.

The company, called Better, is seeking to abolish the debts of 10,000 individuals across the country.

“We are buying back medical debt because so many Americans struggle in this broken healthcare system,” said CEO Rachael Norman. “There are no strings attached to our debt forgiveness program – it’s our way to pay it forward.”

Since Oliver’s segment on debt buying aired more than a year ago, more than $75 million in medical debts have been purchased and forgiven, said Craig Antico, the CEO of RIP Medical Debt, a non-profit organization that helps purchase and abolish unpaid healthcare debts.

 

 

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