America is Fucked
Out of context: Reply #1858
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- utopian2
The No. 1 cause of bankruptcy in the U.S.
Roughly 21 million Americans holding $46 billion of medical debt as of April 2021 face collections, according to Credit Karma data.
The cost of health care in the U.S. has grown worse in recent years as Americans continue taking on unprecedented levels of medical debt.
The issue has gotten so bad that one New York-based 501 charity, RIP Medical Health, uses donations to buy up people’s medical debt. The organization recently announced a purchase of $278 million in medical debt owed by roughly 82,000 patients in the Tennessee and Virginia regions.
“Medical debt is the no. 1 cause of bankruptcy in the United States, which is something that’s obviously a uniquely American problem,” Allison Sesso, executive director of RIP Medical Debt, said on Yahoo Finance Live (video above). “So we’re out there trying to give people relief from this economic burden. We’ve got donors that are excited across the country to do more of this debt relief. That number — 278 million — we’re very proud of that, but we have a lot more debt relief ahead of us.”
- It’s mad how folk defend the American health system. I wonder how many people die from the debt stress every year?PhanLo
- Saw somewhere online a medical bill after having to spend 4 months in hospital with COVID...like $2mill or some shit.BusterBoy
- Capitalism yeehaww!GuyFawkes
- Thats how you take out the middle class. Middle is also paying MASSIVE premiums on top of all of this.toemaas