RIP Medical Debt Announces Abolishment of $1 Billion in Medical Debt. 500,000 US Families Experience Relief from Their Crushing Medical Bills

NEW YORK, N.Y. -- RIP Medical Debt, the only national nonprofit that raises funds to relieve un-payable medical debt for Americans in need, announced Thursday morning that it has officially abolished one billion dollars in medical debt for over 500,000 people in all 50 states (including $65 million of debt owed by veterans). 

Founded by Craig Antico and Jerry Ashton in 2014, both former medical debt collectors with decades of experience, RIP rose to national prominence on an episode of “Last Week Tonight” with John Oliver, viewed by over 14 million people.  RIP facilitated the erasure of $15M in medical debt for the cost of just $60,000. 

By drawing funds from generous donors (individuals, foundations & corporations), and purchasing medical debt in bulk for pennies on the dollar, RIP is able to amplify donations such that $1 given relieves, on average, $100 of medical debt for those most in need. The humanitarian difference is that once RIP buys debt, it’s officially forgiven, and the debtor is notified with a yellow envelope informing them there are no tax consequences for this relief.  

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