during a road trip last week j and i talked about "if you were going to die soon and had a bunch of money (nothing crazy, but like a couple million or under), what would you do with it?"
j would start a scholarship fund. I had a bunch of ideas but soon settled on creating a non-profit that bought up old medical debt and either collected on it at cost or slightly more (to offset admin costs). there are collection agencies that buy medical debt for pennies on the dollar then go after the debtor for all of the original cost, often times plus interest. that's fucking terrible. but welcome to america where it's all terrible all the time. (seriously tho, privatized health insurance is a fucking racket. for instance, did you know that the CEO of kaiser's 2017 salary was $16.1 million)
but I don't particularly believe in starting non-profits because generally there's already a pre-existing one doing great work with a limited budget. and guess what? RIP Medical Debt does almost exactly what I described above. difference is, they straight out forgive it. which is even better.
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