RIP Medical Debt

RIP Medical Debt is a Rye, New York-based 501(c)(3) charity[1] focused on the elimination of personal medical debt. Founded in 2014 by former debt collection executives Jerry Ashton and Craig Antico,[2] the charity purchases medical debt on the debt collection market, and then forgives the debt.[3] The charity states that they pay about $1 for every $100 of debt that they purchase. The founders were inspired by medical debt elimination efforts by Occupy Wall Street.[4] The charity gained attention in 2016 when the TV show Last Week Tonight with John Oliver used them to turn $60,000 into $15 million of debt forgiveness.[5] As of February, 2021, they state that they have forgiven debts for over 2,000,000 individuals and families, totaling USD$2,986,530,237.[6]

In January 2020, professional basketball player Trae Young of the Atlanta Hawks donated $10,000 to this non-profit to abolish a total of $1,000,000 in medical debt.[7]

In December 2020, MacKenzie Scott, former wife of Amazon founder Jeff Bezos, donated $50 million.[8]

References
  1. "RIP Medical Debt". Charity Navigator. Retrieved 28 November 2020.
  2. Samuel, Leah (June 6, 2016). "Inside the medical debt charity that John Oliver just made famous". Stat. Retrieved 28 November 2020.
  3. Overall, Michael (26 November 2020). "A Tulsa couple we're thankful for tells us how they did it". Tulsa World. Retrieved 28 November 2020.
  4. Esch, Mary (December 24, 2018). "Secret Santas: Charity buys and erases past-due medical debt". Associated Press. Retrieved 28 November 2020.
  5. Goldman, David (June 6, 2016). "John Oliver makes 'TV history' by forgiving $15 million in medical debt". CNN Business. Retrieved 28 November 2020.
  6. "Collecting to Forgive". RIP Medical Debt. Retrieved 13 February 2021.{{cite web}}: CS1 maint: url-status (link)
  7. Habersham, Raisa (January 8, 2020). "Hawks player Trae Young cancels $1M in medical debt for Atlanta families". The Atlanta Journal-Constitution. Retrieved August 13, 2021.
  8. Paavola, Alia (December 16, 2020). "'A game changer': RIP Medical Debt gets $50M donation". Becker's Hospital Review. Retrieved August 13, 2021.
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