A national charity will for the first time buy medical debt, totaling $278 million, directly from hospitals, a push to speed financial relief to patients, many of whom shouldn’t have been billed at all under the hospitals’ financial-aid policies.
RIP Medical Debt, which uses donations to wipe out unpaid medical bills, has reached a deal with nonprofit Ballad Health, a dominant hospital system in Tennessee and Virginia, to buy debt owed by 82,000 low-income patients. Many likely qualified for free care under Ballad’s policy but didn’t get it, executives at Ballad involved in the agreement said.
RIP Medical Debt will abolish the total amount and is expected to notify households of the debt relief this month. Some bills are 10 years old. “They still owe that money,” said Allison Sesso, RIP Medical Debt’s executive director. “It’s a weight on them.” As many as one in five residents in some ZIP Codes have Ballad debt that will be relieved, she said.
The deal highlights gaps in financial-aid programs by nonprofit hospitals, which get federal, state and local tax breaks in exchange for giving back to their communities. State attorneys general, lawmakers and patient advocates have faulted hospitals for aid programs they say are hard to apply for and poorly promoted.
Just as they say concerning ‘non-profit’ universities…. Philanthropists, please do not donate to these corrupt institutions, donate to the students and patients put in crippling debt by them instead.
So fraud?
This is certainly a great start. Far too many people are challenged with finding appropriate healthcare solutions due to financial constraints. Free healthcare would be an ideal next step. As it would undeniably be a step in the right direction.
Well done, but it's still a disgrace that US healthcare insurance doesn't adequately cover so many people. Other advanced economies fixed this problem decades ago.
In the USA, doctors make money as quickly as bank robbers.
Great job !
Excellent news
Wow what a cool country
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