of your goal reached

About my fundraiser:

My partner Dr. Carmela Mancini and I are the first Direct Primary Care Physicians in MA. In 2015-2016 we left stable incomes and good benefits in order to take the professional and financial risk to do what we believed was in the best interest of patients, our own well being, and the dysfunctional healthcare system as a whole. As founder of Gold Direct Care PC and co-founder of the MA Chapter of the Free Market Medical Association along with Adam Russo Esquire, our organizations have decided to  work with RIP Medical Debt to alleviate the burden for many MA residents. MA is always lauded in the media for our high rates of insured people. Yet, as we see daily, having insurance does not equate to receiving transparent, affordable, and accessible healthcare–especially primary care, which is the foundation of medicine. MA residents still have a huge amount of medical debt that is jeopardizing peoples credit, homes, and personal health and well being.  Please join us in abolishing medical debt for our communities in Massachusetts. Your donation of a dollar to our campaign will enable RIP Medical Debt (a national 501c3 nonprofit organization) to relieve $100 of oppressive medical debt. That means that $15,000 raised will relieve $1.5 MILLION of medical debt for those in need. Thank you for your support and please help me reach my goal!

-Jeffrey Gold, MD 

RIP Medical Debt's Solution: RIP Medical Debt uses donations to purchase bundled medical debt portfolios that have gone through collection agencies for months or years. Using third-party credit data providers, it targets debt incurred by people facing financial hardship, and then forgives it. On average, $1 is leveraged to abolish $100 in medical debt.

Please see the full RIP FAQ below and visit www.ripmedicaldebt.org for more information. 

Who is RIP Medical Debt? RIP Medical Debt (RIP) is a national 501c3 nonprofit organization with a mission to empower donors to forgive the billions of dollars in oppressive medical debt at pennies on the dollar. RIP locates, buys, and abolishes destructive medical debt for individuals, veterans, and families. Since inception in 2014, RIP has relieved more than $450 million in medical debt for individuals across the U.S., impacting over 250,000 individuals.

How Does RIP Medical Debt Work? RIP, working with third-party credit data providers, searches through large debt portfolios to locate accounts meeting their criteria for relief. RIP then negotiates to buy millions of dollars of this debt at a steep discount, usually a penny or less on the dollar.

Facts about Medical Debt

  • More than $100 billion in unpaid medical debt every year has an adverse impact on debtor patients, physicians, and hospitals.
  • 6 in 10 of both insured and uninsured people say they have difficulty paying other bills as a result of medical debt. Over a third were unable to pay for food, heat, or housing because of medical bills.
  • Nearly two-thirds of U.S. adults under age 65, or 116 million people, had medical bill problems or debt, went without needed care because of cost, were uninsured for a time, or were underinsured—insured but had high out-of-pocket medical expenses or deductibles relative to income.
  • Medical debt contributes to more than 60% of the bankruptcies in the US. Until satisfied, debt lingers on a person’s credit report to negatively impact their ability to buy a home, get a loan or evengain employment.

Whose unpayable medical bills does RIP forgive?

  • Individuals who make less than two times the federal poverty level
  • Individuals with financial hardship - a debt that that is 5% or more of their annual income
  • Individuals who are insolvent (debts greater to their assets)

Why Donate to RIP Medical Debt?

  • Your dollar goes a long way! $1 abolishes at least $100 of debt.
  • 100 percent of your donation goes towards abolishing medical debt.
  • RIP Medical Debt is a 501c3 nonprofit organization, and our EIN number is 47-1442997. Donations are tax-deductible as allowed by law.
  • There are no tax consequences for those whose medical debts are forgiven. The forgiveness is a gift from a detached and disinterested third party (RIP) is an act of generosity, so forgiveness of the debt does not count as being income to the gift recipient.

RIP Medical Debt's Federal Tax ID: 47-1442997

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