DCN- A church in North Carolina has again unburdened thousands of families who were struggling with medical debt, setting their obligations ablaze.
Trinity Moravian Church in Winston-Salem bought up and canceled nearly $3.3 million in medical debt belonging to 3,355 families.
According to The Dispatch:
[T]his is the second year that members of the church have taken part in the Debt Jubilee Project, which assumes past-due medical bills of residents in the area. Through the project, congregants previously purchased $1.65 million of debt, liberating 1,356 people in Forsyth and Davidson Counties.
When an individual fails to pay down an outstanding medical bill, the medical company that is owed will frequently hire a debt collection agency. When the agency similarly fails in its collection efforts, the debt is sometimes sold to a third-party collection agency for pennies on the dollar to help recoup the loss. MORE
Makes you wonder how many of their Donors also own the debt being paid off?
Double Coinage
They’re paying off a fraction of medical debt. We’re paying off the rest.
How much of this ‘medical debt’ is for $300 Band-Aids so insurance companies and obamacare medical centers can pay their Officers generously?