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Group Wipes Out $6.7 Billion In Medical Debt — Just Getting Started

At a glance

  • Non-profit RIP Medical Debt nonprofit is freeing patients of medical debt, thousands of people at a time. Its novel approach involves buying bundles of delinquent hospital bills and then simply erasing the obligation to repay them.
  • It’s a model developed by two former debt collectors, Craig Antico and Jerry Ashton, who built their careers chasing down patients who couldn’t afford their bills.
  • “They would have conversations with people on the phone, and they would understand and have better insights into the struggles people were challenged with,” says Allison Sesso, RIP’s CEO.

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