Double your impact - Anonymous donor pledges to match $75K to abolish medical debt in Cook County
Medical debt forgiveness sends a powerful message of care to your community. Today, thousands of families in Cook County are responsible for $78 million worth of harmful medical debt. This figure continues to grow in the midst of a crisis where so many require necessary and lifesaving – yet debilitatingly expensive – medical care. In the wake of the COVID-19 pandemic, medical debt relief is more critical than ever. It is for this reason an anonymous donor is matching all donations up to $75K. Let's rally together to help thousands of Chicagoans build brighter, healthier futures.
Medical debt is a national crisis – especially now.
Every day, medical debt destroys the financial stability, health, and well-being of Americans across the country. Especially now with unemployment in the U.S. at a staggering high, families in Cook County are not only losing their jobs, but also their health insurance. For families with no income or insurance at this time, paying medical debt is not only impossible – but irresponsible – with so many other survival needs to cover.
Chicago has over $78 Million of medical debt in collections. It affects over 71,000 families.
Cook County has the 3rd highest medical debt of all US counties. Much of it is owed by people living in or near poverty, who have little hope of ever fully getting back on their feet.
Together, we can abolish all of it.
$78 million of debt abolished is $78 million in renewed credit access. It’s parents able to recover from losing their jobs without having to choose between food on the table and paying their medical bills. It’s $78 million dollars back into the economy – a stimulus package that relies solely on the conviction and goodwill of our community. Abolishing medical debt in Cook County is something we can and must do. Please join us today!
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.