New York City plans to wipe out $2 billion in medical debt for 500,000 residents ( abcnews.go.com )

DonQuixote , 5 months ago

Make no mistake, organizations such as RIP Medical Debt are making a difference. I dug into their 990s and annual reports and determined that there is a substantial cost to delivering this boon to those in need. In 2022, 1.77 billion in debt was reported abolished. The purchased cost of that debt was 6 million. Additional operating expenses for the organization were 1.7 million.

Source. ripmedicaldebt.org/…/2022_FINANCIAL_STATEMENT_AND…

More needs to be done for medical cost reduction in our nation.