Billionaires Pay Medical Debts of Over 100,000 People
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Everyone knows that healthcare in America is expensive. And that cost has left some people skipping the doctor altogether - and racking up tens of thousands in medical debt when they do go. But in Miami-Dade county in Florida, over 100,000 people are receiving unexpected help with their medical bills. Miami Beach billionaires Daniel and Jane Och have footed the $264 million bill to pay off some or all of the medical debt for over 125,000 residents in Miami-Dade county. The Ochs donated the money to the nonprofit RIP Medical Debt - which buys delinquent medical debt from hospitals in bulk at a discounted rate and pays it off. With Daniel Och saying, “Receiving quality medical care should not come at the expense of economic stability. We hope this gift will make a positive impact in our community.” Since its founding in 2014, RIP Medical Debt has paid off $9 billion in medical bills for over 6 million families in America. And medical debt is a serious problem in Florida and the US in general. Florida has the second highest total amount of medical debt in the country with $8.2 billion - just behind Texas’s $14.6 billion. But the US in general has over $88 billion in outstanding medical bills.
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Produced by: Cory Ray, Philip DeFranco
Edited by: James Girardier, Maxwell Enright, Julie Goldberg, Christian Meeks
Art Department: William Crespo
Writing/Research: Star Pralle, Philip DeFranco
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#Florida #Debt #Money