The Cure for Medical Debt
WHAT IS RIP MEDICAL DEBT?
RIP founders Craig Antico and Jerry Ashton tell the RIP Medical Debt story in this outstanding YouTube video.
As of right now, RIP has abolished
in destructive medical debt
What We Do
We work on behalf of individuals, foundations and corporations to abolish medical debt and provide relief for those in need.
John Oliver explains how RIP Medical Debt works — and then forgives millions
How It Works
Your donations allow us to purchase debt at pennies on the dollar — and forgive it, forever.
Using data analysis, we locate the medical debt that is most crucially in need of relief.
Those helped are no longer obligated to pay even a cent, and have no adverse consequences.
The Challenge
The actual amount of medical debt outstanding nationwide is much higher than the reported $75 billion on credit reports. Less than 10 percent of medical debt each year is reported to the credit reporting agencies. It is estimated by RIP that approximately $1 trillion is owed by Americans, accumulated over the last 8-10 years.
Source: Ratcliffe, McKernan, Lou, Hassani, and Quakenbush. 2017. "Debt in America: An Interactive Dashboard." Washington, DC: Urban Institute. Tabulations of data from a major credit bureau (2016) and the American Community Survey (2015). Tabulations of aggregated medical debt data from TransUnion (2017).
As medical costs rise to unspeakable levels, so does un-payable medical debt.
Medical debt has destroyed the financial stability of large segments of America’s most vulnerable communities: the sick, the elderly, the poor, and veterans. It also particularly targets the middle class, driving many families who are barely getting along into poverty.
In The News
Michigan Nurses Forgive $1 Million in Medical Debt for 500 Families Across the State
Michigan Nurses Association (MNA) members have cleared more than $1 million in medical debt for more than 500 Michigan families in the first such project of its kind in Michigan. This debt relief effort, led by MNA members at Sparrow Hospital in Lansing, supports nurses’ call for hospital reforms to ease the burden of excessive medical bills, which is the No. 1 cause of personal bankruptcy.
Pensacola High School ‘Debt Sharks’ Taking a Big Bite Out of Local Unpaid Medical Debt
When high school student Samir Boussarhane watched Last Week Tonight as John Oliver triumphantly donate a $15 million medical debt portfolio to RIP Medical Debt, so the debt could be forgiven, Samir knew he had to do something locally to make that kind of impact.
How to Get Involved
Start a Local Campaign
RIP is a movement that begins with you. Launching a local campaign in your community is easy and effective. Download our campaign FAQ and then contact us to get started today.
Foundations & Corporate Partnerships
We offer foundation & corporate partners maximum positive return on their commitment to relieving medical debt. Want to get involved? Send us a message.
