About RIP Medical Debt
RIP Medical Debt locates, buys and forgives medical debt across America, the only industrialized nation on earth with personal medical debt. We work on behalf of individual donors, philanthropists and organizations who provide financial relief for people burdened by unpaid and unpayable medical bills. A special focus is forgiving the medical debt of U.S. veterans and military troops.
Since being featured in 2016 on HBO’s Last Week Tonight with John Oliver, RIP Medical Debt has been active buying and forgiving medical debt with funds donated by caring communities, such as the high school Debt Sharks in Florida or the Minnesota Nurses Association, and a growing list of others.
RIP wants to document the the real-life benefits of abolishing medical debt, such as responses from the surprised recipients of our medical debt forgiveness letters. For quantitative evidence, a team of economics and public policy researchers from UCLA, UC/Berkeley, University of Chicago, and MIT — supported by RIP, TransUnion and 1/0 Capital (TheNumber) — has begun an economic impact study of forgiving personal medical debt and clearing related credit records.
Appears that America is waking up to the problem of medical debt.
RIP was founded in 2014 by two former collections industry executives, Craig Antico and Jerry Ashton. Having worked for decades in healthcare debt collections, the two were acutely aware that too many patients shoulder the burden of unpaid and often unpayable medical bills. They saw the enormity of all that medical debt. They also realized they were uniquely qualified to help.
Drawing upon their experiences and connections, Antico and Ashton developed their strategy for an effective charity. Believing debt forgiveness is a collective message of care from and for our communities, on July 25, 2014, they incorporated Medical Debt Resolution, Inc., a New York-based 501(c)(3) not-for-profit corporation doing business as RIP Medical Debt.
Funded by the generosity of individuals, foundations, corporations, and other donors, RIP seeks out distressed medical debt in the collections industry and in the community of medical providers, including hospitals and medical practices. RIP offers to buy medical debt for pennies on the dollar, which is how the charity can make such a significant impact. The average ratio is 1 to 100.
Your $50 donation to RIP can buy and abolish as much as $5,000 in medical debt. A $1 million donation can abolish $100 MILLION in debt! Our immediate goal at RIP is abolishing $1 Billion in medical debt.
Once medical debt is in our possession, rather than collect it, we forgive it — a gift from RIP to the patient. No strings attached. A gift made possible by complete strangers. A random act of kindness.
Craig Antico, Co-Founder, Chief Executive Officer
Jerry Ashton, Co-Founder, Executive Vice President
Judah Freed, Director of Communications
Mikel Burroughs, Director of Military Debt Acquisitions and Relief
Dina Magnes, NYC Team Leader
Board of Directors
Craig Antico, Member, Chairman of the Board, Medical Debt Resolution, Inc., New York
Jerry Ashton, Board Director, Medical Debt Resolution, Inc., New York
Robert Goff, Board Director, former Executive Director, University Physicians Network, New York
William von Mueffling, President, Chief Investment Officer, Cantillon Capital, New York, London
Rishi Manchanda, MD, Founder, Health Begins, Community Health Detailing, Los Angeles