Social Question

Zaku's avatar

What are your thoughts and feelings about John Oliver forgiving $15 million dollars of medical debt?

Asked by Zaku (30365points) December 10th, 2017

I just read that John Oliver bought $15 million of bad medical debt of about 9000 people for $60 thousand .

I’m curious what people think of not just this act, but the fact that the market makes it so easy for so much debt to be “bought” at such a rate, including debts that are no longer legally collectable, along with their personal information (without much oversight or verification).

Observing members: 0 Composing members: 0

4 Answers

zenvelo's avatar

Interesting way to demonstrate the back door intricacies of debt problems in the US. I am curious if his forgiveness of the debts will contribute to s a small restoration of their credit.

zenvelo (39430points)“Great Answer” (4points) Flag as…
Kropotkin's avatar

Good for him.

I recall some scheme that let people buy and forgive debt like that. I think I bought about $1,000 worth for $10 through it.

The whole process of selling debt cheaply to be bought by aggressive debt collecting agencies is pretty repulsive.

Kropotkin (13779points)“Great Answer” (5points) Flag as…
MrGrimm888's avatar

What a great form of charity. Medical bills have destroyed countless lives in America.

MrGrimm888 (19009points)“Great Answer” (4points) Flag as…
Response moderated (Spam)

Answer this question

Login

or

Join

to answer.
Your answer will be saved while you login or join.

Have a question? Ask Fluther!

What do you know more about?
or
Knowledge Networking @ Fluther