Abolish Louisiana Medical Debt
Every dollar you donate forgives $100 in Medical Debt
The Problem
In the past forty years, medical costs have doubled, insurance copays and deductibles have spiked, and bankruptcy rates have quadrupled creating an avalanche of destructive medical debt. More than 60% of bankruptcies in America have medical debt as a root cause, and the situation is especially dire in Louisiana.
According to the US Judiciary Data and Analysis Office, Louisiana has one of the highest bankruptcy rates in the country.
Louisiana is like no other state, and no one born outside it can ever fully understand its mix of French, Southern, Creole, Cajun, Spanish, Haitian, and American culture. That might be why Louisianans have such a sense of community pride and neighborly love, seen everywhere from Mardis Gras to crawfish boils. Louisianans often come together to take care of someone who gets sick, but when one hospital trip can cost tens-of-thousands of dollars, the community can only do so much. The strongest communities can be devastated by the medical debt crisis. Medical debt drains money from local towns to out-of-state debt collectors, and families go bankrupt trying to pay for their loved ones medical bills.
How You Can Help
RIP Medical Debt uses your donations to purchase bundled medical debt portfolios from hospitals and on the secondary debt market, and then forgives that debt at pennies on the dollar.
On average, $1 is leveraged to abolish $100 in medical debt, and every donation through this page will be spent directly on abolishing medical debt in Louisiana.
When debt relief recipients open the yellow envelope from RIP, they are told that their debt has been bought by a third party and erased with no strings attached. They owe nothing on the debt and face no tax penalty. A recent beneficiary wrote to us, saying:
“I read my letter over a few times to make sure it was the real thing. Receiving this debt relief renewed my faith that I can get back on track. It jump-started it – that we can do this – I can get back in the game! It’s unheard of what RIP does, and it’s a game changer in the medical world. It’s a game changer for me.”
— Reagan, RIP Medical Debt Recipient of Debt Relief
Campaign Support Recipients
- Recent Donations
- Anonymous just donated $10.90
- Anonymous just donated $100
- Connor L. just donated $20
- Anonymous just donated $10,000
- Dominique W. just donated $51.49
- Anonymous just donated $256.62
- Elizabeth I. just donated $250
- Deborah C. just donated $102.77
- Recent Donations
- Anonymous just donated $10.90
- Anonymous just donated $100
- Connor L. just donated $20
- Anonymous just donated $10,000
- Dominique W. just donated $51.49
- Anonymous just donated $256.62
- Elizabeth I. just donated $250
- Deborah C. just donated $102.77
Fundraise for This Campaign
Start a fundraiser to help those in need. Set a personal fundraising goal and track online donations easily with RIP.
3 Active Fundraisers
How RIP Works
Over a hundred million Americans, one in three, struggles with the weight of medical debt.
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You make a donation
We use data analytics to pinpoint the debt of those most in need: households that earn less than 4x the federal poverty level (varies by state, family size) or whose debts are 5% or more of annual income.
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RIP buys medical debt at a steep discount
We buy debt in bundles, millions of dollars at a time at a fraction of the original cost. This means your donation relieves about 100x its value in medical debt.
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Together we wipe out medical debt
People across the country receive letters that their debt has been erased. They have no tax consequences or penalties to consider. Just like that, they’re free of medical debt.
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