Church buys back, cancels $ 1.4 million medical debt for hundreds of families
A church in Santa Fe has written off the medical debt of hundreds of families in New Mexico and Arizona.
St. Bede’s Episcopal Church was able to carry out this generous act thanks to RIP Medical Debt, a nonprofit organization that redeems medical debt before using donations to cover it.
Reverend Catherine Volland and her congregation raised $ 15,000 but, after partnering with RIP Medical Debt, they managed to turn that into $ 1.5 million, with the organization awarding $ 10,000 for every 100 $ donations.
This sum was sufficient to help 782 families in need. Although the church originally set out to help households in New Mexico, it found it had enough to expand its efforts to families in Arizona.
I was thrilled, I had no idea that this amount of money could be used so intelligently to affect so many families.
[â¦] We had more than enough money to write off all the debt in New Mexico, so we went to eight counties in Arizona.
A 2020 survey conducted by Financing of salaries found that nearly a third of American workers had some sort of medical debt, while about 28% of those with an outstanding balance owed at least $ 10,000 on their bills.