TV Station Buys Up $1 Million Worth Of Medical Debt...& Forgives It
February 16, 2018
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4:58Now PlayingTV Station Buys Up $1 Million Worth Of Medical Debt...& Forgives It
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"A Seattle TV station bought $1 million in medical debt forgiveness for people in its coverage area.
Poynter reported that the station, KIRO, spent $12,000 for the $1 million in debt owed to medical providers.
The move comes after a KIRO's Jesse Jones reported about a woman who had cancer and was struggling to pay her medical bills. She needed treatment to survive, but could not afford it.
According to the station, debt is sold to a collection agency when providers are not able to get the payment owed on medical bills. The debt is sold for about 1 cent for each dollar, according to the station.
KIRO-TV bought $1 million worth of debt, which will help 1,000 viewers"
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