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{{Short description|American charity}}
{{Short description|American charity}}


'''RIP Medical Debt''' is a [[Long Island City]]–based [[501(c)(3)]] charity<ref name="Navigator">{{Cite web |title=RIP Medical Debt |url=https://www.charitynavigator.org/ein/471442997 |website=Charity Navigator |access-date=28 November 2020}}</ref> focused on the elimination of personal [[medical debt]].<ref>{{Cite news |last=Holpuch |first=Amanda |date=2022-12-29 |title=Medical Debt Is Being Erased in Ohio and Illinois. Is Your Town Next? |language=en-US |work=The New York Times |url=https://www.nytimes.com/2022/12/29/us/toledo-medical-debt-relief.html |access-date=2022-12-29 |issn=0362-4331}}</ref> Founded in 2014 by former debt collection executives Jerry Ashton and Craig Antico,<ref name="stat">{{Cite news |last1=Samuel |first1=Leah |title=Inside the medical debt charity that John Oliver just made famous |url=https://www.statnews.com/2016/06/06/john-oliver-medical-debt/ |access-date=28 November 2020 |work=Stat |date=June 6, 2016}}</ref> the charity [[Debt_buyer_(United_States)|purchases medical debt]] on the [[debt collection]] market, and then forgives the debt.<ref name="Tulsa">{{Cite news |last1=Overall |first1=Michael |title=A Tulsa couple we're thankful for tells us how they did it |url=https://tulsaworld.com/news/local/how-do-you-erase-medical-debt-for-thousands-a-tulsa-couple-were-thankful-for-tells/article_32e43cb4-2adb-11eb-b1a9-d375a47b475d.html |access-date=28 November 2020 |work=Tulsa World |date=26 November 2020}}</ref> The charity converts every dollar contributed into $100 of purchased medical debt relief. The founders were inspired by medical debt elimination efforts by [[Occupy Wall Street]].<ref name="AP">{{Cite news |last1=Esch |first1=Mary |title=Secret Santas: Charity buys and erases past-due medical debt |url=https://apnews.com/article/29dac550cf02464d8cf62f9bf11432f0 |access-date=28 November 2020 |publisher=Associated Press |date=December 24, 2018}}</ref> The charity gained attention in 2016 when the TV show ''[[Last Week Tonight with John Oliver#Debt buyers|Last Week Tonight with John Oliver]]'' used them to turn $60,000 into $15 million of debt forgiveness.<ref name="CNN">{{Cite news |last1=Goldman |first1=David |title=John Oliver makes 'TV history' by forgiving $15 million in medical debt |url=https://money.cnn.com/2016/06/06/technology/john-oliver-medical-debt/index.html |access-date=28 November 2020 |publisher=CNN Business |date=June 6, 2016}}</ref> As of June 2022, the charity has forgiven debts for over 2,800,000 individuals and families, totaling over $5 billion.<ref>{{Cite web |title=RIP Medical Debt and TransUnion Healthcare Surpass $5 Billion of Medical Debt Relieved and Expand Partnership |url=https://ripmedicaldebt.org/press-release/rip-and-transunion-healthcare-surpass-5-billion-of-medical-debt-relieved/ |access-date=20 June 2022 |publisher=RIP Medical Debt}}</ref><ref name="about">{{Cite web |title=Collecting to Forgive |url=https://ripmedicaldebt.org/about/ |access-date=13 February 2021 |publisher=RIP Medical Debt}}</ref>
'''RIP Medical Debt''' is a [[Long Island City]]–based [[501(c)(3)]] charity<ref name="Navigator">{{Cite web |title=RIP Medical Debt |url=https://www.charitynavigator.org/ein/471442997 |website=Charity Navigator |access-date=28 November 2020}}</ref> focused on the elimination of personal [[medical debt]].<ref>{{Cite news |last=Holpuch |first=Amanda |date=2022-12-29 |title=Medical Debt Is Being Erased in Ohio and Illinois. Is Your Town Next? |language=en-US |work=The New York Times |url=https://www.nytimes.com/2022/12/29/us/toledo-medical-debt-relief.html |access-date=2022-12-29 |issn=0362-4331}}</ref> Founded in 2014 by former debt collection executives Jerry Ashton and Craig Antico,<ref name="stat">{{Cite news |last1=Samuel |first1=Leah |title=Inside the medical debt charity that John Oliver just made famous |url=https://www.statnews.com/2016/06/06/john-oliver-medical-debt/ |access-date=28 November 2020 |work=Stat |date=June 6, 2016}}</ref> the charity [[Debt_buyer_(United_States)|purchases medical debt]] on the [[debt collection]] market, and then forgives the debt.<ref name="Tulsa">{{Cite news |last1=Overall |first1=Michael |title=A Tulsa couple we're thankful for tells us how they did it |url=https://tulsaworld.com/news/local/how-do-you-erase-medical-debt-for-thousands-a-tulsa-couple-were-thankful-for-tells/article_32e43cb4-2adb-11eb-b1a9-d375a47b475d.html |access-date=28 November 2020 |work=Tulsa World |date=26 November 2020}}</ref> The charity converts every dollar contributed into $100 of purchased medical debt relief. The founders were inspired by medical debt elimination efforts by [[Occupy Wall Street]].<ref name="AP">{{Cite news |last1=Esch |first1=Mary |title=Secret Santas: Charity buys and erases past-due medical debt |url=https://apnews.com/article/29dac550cf02464d8cf62f9bf11432f0 |access-date=28 November 2020 |publisher=Associated Press |date=December 24, 2018}}</ref> The charity gained attention in 2016 when the TV show ''[[Last Week Tonight with John Oliver#Debt buyers|Last Week Tonight with John Oliver]]'' used them to turn $60,000 into $15 million of debt forgiveness.<ref name="CNN">{{Cite news |last1=Goldman |first1=David |title=John Oliver makes 'TV history' by forgiving $15 million in medical debt |url=https://money.cnn.com/2016/06/06/technology/john-oliver-medical-debt/index.html |access-date=28 November 2020 |publisher=CNN Business |date=June 6, 2016}}</ref> As of June 2022, the charity has forgiven debts for over 2,800,000 individuals and families, totaling over $5 billion.<ref>{{Cite web |title=RIP Medical Debt and TransUnion Healthcare Surpass $5 Billion of Medical Debt Relieved and Expand Partnership |url=https://ripmedicaldebt.org/press-release/rip-and-transunion-healthcare-surpass-5-billion-of-medical-debt-relieved/ |access-date=20 June 2022 |publisher=RIP Medical Debt}}</ref><ref name="about">{{Cite web |title=Collecting to Forgive |url=https://ripmedicaldebt.org/about/ |access-date=13 February 2021 |publisher=RIP Medical Debt}}</ref>


In January 2020, professional basketball player [[Trae Young]] of the Atlanta Hawks donated $10,000 to the non-profit to abolish a total of $1,000,000 in medical debt.<ref>{{Cite news |last1=Habersham |first1=Raisa |title=Hawks player Trae Young cancels $1M in medical debt for Atlanta families |url=https://www.ajc.com/news/local/hawks-player-trae-young-cancels-medical-debt-for-atlanta-families/g330yRiGTRdPJt14Yvd2HM/ |access-date=August 13, 2021 |work=The Atlanta Journal-Constitution |date=January 8, 2020}}</ref>
In January 2020, professional basketball player [[Trae Young]] of the Atlanta Hawks donated $10,000 to the non-profit to abolish a total of $1,000,000 in medical debt.<ref>{{Cite news |last1=Habersham |first1=Raisa |title=Hawks player Trae Young cancels $1M in medical debt for Atlanta families |url=https://www.ajc.com/news/local/hawks-player-trae-young-cancels-medical-debt-for-atlanta-families/g330yRiGTRdPJt14Yvd2HM/ |access-date=August 13, 2021 |work=The Atlanta Journal-Constitution |date=January 8, 2020}}</ref>

Revision as of 23:37, 3 July 2023

RIP Medical Debt is a Long Island City–based 501(c)(3) charity[1] focused on the elimination of personal medical debt.[2] Founded in 2014 by former debt collection executives Jerry Ashton and Craig Antico,[3] the charity purchases medical debt on the debt collection market, and then forgives the debt.[4] The charity converts every dollar contributed into $100 of purchased medical debt relief. The founders were inspired by medical debt elimination efforts by Occupy Wall Street.[5] 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.[6] As of June 2022, the charity has forgiven debts for over 2,800,000 individuals and families, totaling over $5 billion.[7][8]

In January 2020, professional basketball player Trae Young of the Atlanta Hawks donated $10,000 to the non-profit to abolish a total of $1,000,000 in medical debt.[9]

In December 2020, MacKenzie Scott, who was previously married to Amazon.com founder Jeff Bezos, donated $50 million.[10]

References

  1. ^ "RIP Medical Debt". Charity Navigator. Retrieved 28 November 2020.
  2. ^ Holpuch, Amanda (2022-12-29). "Medical Debt Is Being Erased in Ohio and Illinois. Is Your Town Next?". The New York Times. ISSN 0362-4331. Retrieved 2022-12-29.
  3. ^ Samuel, Leah (June 6, 2016). "Inside the medical debt charity that John Oliver just made famous". Stat. Retrieved 28 November 2020.
  4. ^ Overall, Michael (26 November 2020). "A Tulsa couple we're thankful for tells us how they did it". Tulsa World. Retrieved 28 November 2020.
  5. ^ Esch, Mary (December 24, 2018). "Secret Santas: Charity buys and erases past-due medical debt". Associated Press. Retrieved 28 November 2020.
  6. ^ Goldman, David (June 6, 2016). "John Oliver makes 'TV history' by forgiving $15 million in medical debt". CNN Business. Retrieved 28 November 2020.
  7. ^ "RIP Medical Debt and TransUnion Healthcare Surpass $5 Billion of Medical Debt Relieved and Expand Partnership". RIP Medical Debt. Retrieved 20 June 2022.
  8. ^ "Collecting to Forgive". RIP Medical Debt. Retrieved 13 February 2021.
  9. ^ 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.
  10. ^ 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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