Atlanta Hawks star cancels more than $1 million of medical debt in the city

[macdaddy]

Yeah I don't know.  I thought i say where the debt was sold for 10% of what was owed.  But $10,000 is 1% of a million.  That doesn't make any sense.  Maybe he really donated $100k?  then it would work. 

[bleachkit]

5 minutes ago, JayBirdHawk said:

What kind of fuzzy math is this though?

How does $10,000.00 eliminate $1 million plus in debt?

I hate to be that guy, but it's very disingenuous. I'm not blaming Trae here, but come on, 10k is not 1000k. 

[AHF]

40 minutes ago, JayBirdHawk said:

What kind of fuzzy math is this though?

How does $10,000.00 eliminate $1 million plus in debt?

That was my first post in here.  I'm pretty sure Trae is one of a pool of donors.  The $1M is the end result.  The $10k is Trae's part.

[bleachkit]

9 minutes ago, AHF said:

That was my first post in here.  I'm pretty sure Trae is one of a pool of donors.  The $1M is the end result.  The $10k is Trae's part.

They should have an article about me. "Atlanta area man pays $7,000,000,000,000.00 in taxes to the government." The 7 trillion is the end result, 20k is my part.

[Sothron]

My guess is that the article says the non profit buys medical debt for pennies on the dollar and that is how they can eliminate way more in debt through far less received in donations. 

[bleachkit]

6 minutes ago, Sothron said:

My guess is that the article says the non profit buys medical debt for pennies on the dollar and that is how they can eliminate way more in debt through far less received in donations. 

The Byzantine tax loophole plot thickens.

[HawkItus]

1 hour ago, JayBirdHawk said:

What kind of fuzzy math is this though?

How does $10,000.00 eliminate $1 million plus in debt?

Quote

RIP Medical is a 501(c)(3) nonprofit started in 2014 by two former debt collectors that uses donated funds to purchase portfolios of bundled medical debt on the secondary debt market for pennies on the dollar.

 

[HawkItus]

Items in collections can be bought for less than the total debt.  I owe 8k to Grady and AHF could buy it for $80.  Then he go after me for the full 8k.  Trae and RIP purchased ! million worth of medical debt for 10k.  They are not pursuing the debt thus saving these people a million dollars worth of debt.

[Sothron]

I don't want to make this political but I have to say: this is why we need universal health care in our country. The number one reason for bankruptcy for people for many years now in a row is crushing medical debt. 

[HawkItus]

1 minute ago, Sothron said:

I don't want to make this political but I have to say: this is why we need universal health care in our country. The number one reason for bankruptcy for people for many years now in a row is crushing medical debt. 

Don't I know it.  My son was shot in the head during a robbery in February.  His medical bills pre insurance 1 million.  After insurance 300k.  because of out of pocket maximums we paid 10k.  I shudder if we had not have had insurance.

[Sothron]

4 minutes ago, HawkItus said:

Don't I know it.  My son was shot in the head during a robbery in February.  His medical bills pre insurance 1 million.  After insurance 300k.  because of out of pocket maximums we paid 10k.  I shudder if we had not have had insurance.

I am so sorry to hear this. Can I ask if he's doing ok? Praying for him and you guys. Have you thought of doing a gofund me for the bills? Even with insurance 10k out of pocket out of nowhere is a very high amount of money.

[HawkItus]

1 minute ago, Sothron said:

I am so sorry to hear this. Can I ask if he's doing ok? Praying for him and you guys. Have you thought of doing a gofund me for the bills? Even with insurance 10k out of pocket out of nowhere is a very high amount of money.

He is ok.  He lost his hearing in one ear and has TBI, but he was blessed and made a full recovery otherwise.  My co-workers helped a bunch and the County's crime victims fund pretty much covered the rest.  Thanks for asking about his well being.

[kg01]

15 minutes ago, Sothron said:

I don't want to make this political but I have to say: this is why we need universal health care in our country. The number one reason for bankruptcy for people for many years now in a row is crushing medical debt. 

Sadly, too many of us choose not to recognize that it doesn't have to be a political statement for us to acknowledge there's a real problem related to healthcare in this country.

[kg01]

1 minute ago, HawkItus said:

He is ok.  He lost his hearing in one ear and has TBI, but he was blessed and made a full recovery otherwise.  My co-workers helped a bunch and the County's crime victims fund pretty much covered the rest.  Thanks for asking about his well being.

Hate to hear that happened.  Glad things seem to be going as good as can be expected.

I can sympathize albeit on a lighter note.  We just got the bill(s) for having a kid and that crap is ridiculous.  "Daycare" for like 2 days was 5 figures.

[AHF]

Definitely join Sothron in being thankful for HawkItus's son's recovery.  But as a mod I've got to ask people to take the issue of medical care to the politics board before we go off the rails.  People have a variety of perspectives on this issue and frequently very strong opinions.  Don't want that bleeding into the main board but encourage people to discuss it in the right forum.

[lethalweapon3]

Finally, something gets "Canceled" in 2020, and it's good news! Way to go, Trae!

 

~lw3

[JayBirdHawk]