Becker's Healthcare August 15, 2022
Fueled by donations from college students to philanthropist MacKenzie Scott, RIP Medical Debt has relieved $6.7 billion in unpaid debt since 2014, NPR reported Aug. 15.
Six things to know:
1. RIP Medical Debt’s model was developed by two former debt collectors, Craig Antico and Jerry Ashton.
2. Debt is relieved randomly, CEO Allison Sesso told NPR. It depends on which hospitals’ debts are available for purchase.
3. New regulations allow the company to buy loans directly from hospitals, instead of only on the secondary market.
4. A recent...
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