News & Updates
A sudden medical emergency doesn’t just wreak chaos on a person’s life. For many people, it takes a dangerous toll on their financial security. One in five U.S. residents have delinquent medical debt on their credit reports, according to the Consumer Financial Protection Bureau.
If you’ve ever been to the emergency room, you know the cost of a single visit can leave you feeling worse than before you got there. Medical debt is a huge problem – one in five Americans have it. Simply put, it’s the biggest cause of bankruptcy in the United States. That’s why NBC10 Boston, necn and Telemundo Boston have decided to do something to help address it. If you challenge a hospital bill for $10,000, the hospital might sell that debt to a collector at a discount, leaving the collector to come after you […]
As one in five people in the U.S. grapple with medical debt and in the spirit of working for local communities, NBC and Telemundo Owned Television Stations Group has donated $150,000 to RIP Medical Debt (RIP), the leading nonprofit tackling the medical debt crisis in the country. RIP will use the station group’s donation to locate, buy and forgive $15 million of medical debt owed by individuals in 11 markets. “NBC and Telemundo owned stations’ commitment to helping the most vulnerable in our communities is an inspiration,” said RIP co-founders Craig Antico & Jerry Ashton. […]
Californians owe more than $400 million in medical debt, so NBC4 has made a donation to help relieve some of that debt.
More people are coming forward looking to give to help families with medical debt. Earlier this month, KIRO spent $12,000 dollars and forgave more than a million dollars in medical debt. Since our original report aired, people across western Washington have stepped up and donated to help those in need, including some familiar faces. Read More on KIRO 7
Craig Antico co-founded RIP Medical Debt, a non-profit that buys up batches of overdue medical bills, erasing $120 million in debt for 60,000 patients so far.
The year 2017 has been a busy one for RIP Medical Debt and – with your financial help – 2018 is destined to be even busier and more impactful. Here’s our year-end review and our vision moving forward.
RIP received national attention when we were featured on John Oliver’s Last Week Tonight Show on June 16, 2016. The “John Oliver Effect” – as we like to call it – continued to reverberate through 2017 and provided RIP with wonderful opportunities to continue our work of helping eliminate medical debt for struggling Americans.
I will elaborate on that below as I invite you to view the John Oliver film clip once again and consider a stronger role in partnering with RIP and including as as part of your charitable giving.
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 students Samir Boussarhane and Falen McClellan were not satisfied with volunteering at a local animal shelter or hospital to meet their school’s requirement for public service as part of an International Baccalaureate Degree program (IBD). They wanted more of a challenge.
Motivated by a Last Week Tonight with John Oliver show, in which the host purchased and abolished almost $15 million in medical debt, the pair last fall decided to emulate his efforts in the Pensacola/Mobile area.
Their goal: raise enough money to buy and abolish $3 million in medical debt in their section of Florida and Alabama. Not so easy, as this would require raising some $30,000 in donations.
Better, the healthtech startup that helps people get money back from their health insurance, announced today that it intends to beat John Oliver’s highly-public gift last summer of donating to RIP Medical Debt almost $15 million in unpaid medical debt for about 9,000 families in Texas.
Better promises to up the ante by forgiving one million dollars more in medical than Oliver, doing so over a longer period of time and in more states.
“We at Better are committed toward being effective advocates for patients,” said CEO Rachael Norman. “We believe in this so strongly that we are spending our initial revenues as a startup not on ads or on marketing, but on buying $16 million worth of medical debt.
As Congress works on new health care law that may increase Americans’ medical bills, researchers begin studying the economic impact of forgiving medical debt. NEW YORK, June 22, 2017 — University researchers and others planning the nation’s first economic impact study of medical debt forgiveness met today in New York for an historic “mini-summit,” coincidentally held the same day as GOP senators in Washington unveiled a new health care bill. “The pending changes in national health care policy may vastly increase medical debt in America,” said Jerry Ashton, cofounder and Executive VP of RIP Medical Debt, a New […]
SAINT PAUL: June 19, 2017 — RIP Medical Debt and the Minnesota Nurses Association (MNA) today announced forgiveness of $2.6 million in medical debt. Minnesota Nurses chose to abolish local medical debt as a gesture of thanks for community support of nurses in a four-week strike, which began a year ago today. At a press conference this morning, Minnesota Nurses marked the occasion by cutting in half a blowup of the debt-buying contract. They used large Chamber of Commerce scissors for the cutting. The “Closing Statement” on display showed that MNA donated $28,000 to RIP Medical Debt for the purchase of 1,833 charged-off accounts, worth an […]
Andrea Gaskins, of Middletown, nearly hit rock bottom while dealing with mounting medical bills and threatening calls from debt collectors and she is not alone. Medical debt is the number one cause of bankruptcy in the United States, according to data from credit agencies and the federal government. Roughly, 43 million people are struggling with unpaid medical bills and the NBCUniversal Owned Television Stations, parent of NBC Connecticut, is making a donation to a nonprofit to forgive $1 million in Connecticut medical debt. The burden of medical debt can take a toll on a family’s […]
Imagine having a child who has battled cancer twice, fighting to keep your kid alive while facing thousands of dollars in medical debt. It’s a struggle one Burleson family knows all too well. But people in North Texas refused to let them fight it alone.