The city council of Toledo, Ohio and the commissioners of Lucas County, Ohio — where Toledo is located — are coming together to put $1.6 million toward purchasing unpaid medical debts of its residents, which could result in wiping out as much as $200 million in past-due medical bills. This …
Read More »Local Government Considers Ordinance to Buy, Forgive Residents’ Unpaid Medical Debts
For what is believed to be the first time, a local government is looking to buy up the unpaid medical debts of tens of thousands of its citizens so the debts can be written off and forgiven. The Who, What, When, Where, and How: The city council of Toledo, Ohio …
Read More »Group Cashes In on NFT Craze to Wipe Out $7M in Medical Debt
A group of Dallas-area software developers have used the craze surrounding NFTs, or non-fungible tokens, to wipe away $7 million in unpaid medical debt thanks to a donation made to RIP Medical Debt. The developers came together to brainstorm the creation of an NFT, but instead of keeping whatever money …
Read More »Healthcare Provider Sells $278M in Debt to RIP Medical Debt
A healthcare provider has agreed to sell $278 million in medical debt, affecting 82,000 patients, as part of an agreement with the charity RIP Medical Debt. This is the first time the charity has purchased debt directly from a healthcare provider. Ballad Health made the announcement yesterday. It operates 21 …
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