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Undue Medical Debt, formerly RIP Medical Debt, [1] is a Long Island City–based 501(c)(3) charity [2] focused on the elimination of personal medical debt. [3] Founded in 2014 by former debt collection executives Jerry Ashton and Craig Antico, [4] the charity purchases portfolios of income-qualifying medical debt from debt collectors and healthcare providers, and then relieves the debt. [5]
The nonprofit looks for bundled packages of debt from first or third party agencies which the group negotiates to purchase at discounted prices (pennies on the dollar). The two women initially raised $12,500 and used this money to purchase $1.5 million of medical debt through RIP Medical Debt, which was then forgiven. [33]
A 2023 survey by RIP found more than 4 in 10 adults said they delayed medical care because they did not want to go further into debt. Most medical debt is sold to collectors for pennies on the dollar.
An anonymous donor partnered with the United Neighborhood Centers on a $1.2 million donation to the national nonprofit Undue Medical Debt. Formely known as RIP Medical Debt, the organization used ...
In 2022, "Governerds", what McMahon's following nicknamed themselves, were able to raise US$565,000 for RIP Medical Debt who was able to forgive $147,000,000 of medical debt for individuals and families in the USA. [17] In early December 2023, Governerds raised an additional US$1M for RIP Medical Debt and US$600K for families in need.
Next City investigates how medical debt will be canceled for up to 1 million Arizona residents under the American Rescue Plan Act.
New York City last month said it would eliminate more than $2 billion in medical debt for up to 500,000 residents over the next three years. Many governments are working with RIP Medical Debt, a ...
NEW YORK — Hospital stays, doctor visits, procedures, tests. It all adds up, and not even insurance can protect some from falling into debt. Craig Antico and Jerry Ashton want to help. They ...