Now this “uplifting” story really has it all. Death, loss, a system of injustice and the sense that even if successful after all is done it will not even address a fraction of a fraction of a percent of the outstanding medical debt.
The only thing more “uplifting” about this would be that one country keeps thinking these stories are not keeping people up at night.
The medical companies already sold the debt to debt servicing companies. It’s the debt collectors who are profiting, or (more likely) taking less of a loss on bad debt.
Also, they didn’t pay USD$15 million. They paid $150,000 to buy $15 million of debt at a penny on the dollar.
The organization that does this acknowledges that it’s a stopgap in the face of the human rights nightmare that is the USA’s healthcare system. It’s palliative care or harm reduction but not a long-term solution.
As of late Friday morning, her campaign with the New York-based nonprofit had raised nearly $140,000 of her $150,000 goal, amid a climate in which an estimated 100 million Americans are saddled with a total of about $195bn in medical debt.
The US does not offer a universal healthcare system for its citizens.
Add comment