Tag Archives: medical debt

GoFundMe CEO: 1/3 of crowdsourcing campaigns are for medical bills

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The U.S. healthcare system is so broken and so unaffordable that Americans are turning to crowdsourcing campaigns on websites like GoFundMe to get help paying their medical bills.

GoFundMe CEO Rob Solomon recently told Minnesota Public Radio that 1 out of 3 GoFundMe campaigns are started by people asking for help paying their medical bills and that those campaigns raise more money than any other type of campaign on GoFundMe.

 

 

John Oliver buys – and forgives – $15 million in medical debt

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John Oliver, host of Last Week Tonight on HBO, did something truly incredible recently. He purchased nearly $15 million in medical debt…and then forgave it all.

As wonderful as that act of generosity was, it was barely a drop in the bucket for the gigantic problem of medical debt in the USA.

Disclaimer: It only cost John Oliver $60,000 to buy this debt, but that’s still hugely generous.