Health insurance never pays list price, and neither will they.
Ordinary taxpaying US citizens without health insurance, however,...
I wonder how many of those “residents” who got the money are illegal aliens!
I hope they didn’t discriminate against males and/or whites.
Residents.
Not citizens, but residents.
So does UMD just eat the expense, or do they go after people for repayment?
Sounds like money laundering to me.
A bandaid not a solution.
Medical costs are an order of magnitude more than they should be.
That’s the problem to fix.
Comes to avg of 685.71 per person
Martha we are saved 😎
Write offs are income, come tax filing time. The debtor will receive a 1099 or similar of the amount discharged. That is if anyone besides responsible conservatives have to follow the law anymore?
Nobody “erases” debt, unless it’s debt to you and you can absorb the loss. Someone else is paying for it.
Is this a great country or what?
“”We believe that getting sick or getting hurt shouldn’t have to mean going broke,” Whitmer said.””
We believe that politicians shouldn’t become millionaires either.
If a non-profit is buying the debt and forgiving it, where do the State and Gretchen Whitmer come in? Is the State of Michigan funding the non-profit? How much do the charity’s officers and employees make? How does this help the medical service providers, left with “pennies on the dollar”? Or discourage others from running up bad debt?
You mean the taxpaying vitizen fid that. Not some blood sucking politicians being irresponsible.
They didn’t erase anything. They merely shifted the debt over into the category, whatever they want to call it, that other taxpayers must fund.
To be fair, this is how Democrats win. Whitmer is smart.
I bet there was a majority of afro-americans...
Ping med admin costs
I wonder if this is $144 million face value or $144 million for the debt they bought. I have a relative that works in the debt buying industry and medical debt probably sells for Pennie’s on the dollar. So if you have a $1000 medical debt that has been charged off, they can buy it for $100 at 10 cents on the dollar. If it is really old medical debt it could sell even less.