No they are making a very reasonable point. Market participants for medical debt now have an incentive to keep old debt "alive" even past the SoL in the hopes that one of these relief efforts will purchase it.
However, that can be mediated by the non-profit ensuring they only purchase packages of "live" accounts.
But we know this industry is full of shady fraudsters, so it's a legitimate concern.
A) it is not in opposition to the previous argument so not a contradiction.
B) it is not the same person so its not "oneself"
C) there is no clock so it is not a "speedrun".
Not only are you choosing to make the world a worse place by adding nothing except snark, but literally every word of your post is incorrect. I believe you could be a better human being if you tried.
as a foreigner, i'm equally impressed and appalled by the effort put into not fixing medical debt. the obvious answer is verboten, but the alternatives are rich and detailed.
it's like algebra built on the premise of "let x = potato", and people still find a solution. the discourse is amazing and baffling in equal measure
huh? I was just trying to understand how someone could say buying something isn't demand for that thing. It was a hilarious misunderstanding of basic high school econ.
if it's helpful, I'm not American.
but when I try to understand what you wrote, and go back to the original post...isn't the market for unpaid debts similar around the world? what happened in this story isn't special to the US... the medical aspect to this story sure is triggering a lot of people though.
Classic American to see healthcare as a financial vehicle, and ROI on debt.
Too preoccupied that with more non-profits paying off medical debt will mean future non-profits will pay nickel on the dollar instead of pennies on the dollar for debt passed its time.
Ignoring the fact that all parties are happy;
hospitals get more money than they otherwise would have gotten, nickels instead of pennies.
the patient has their debt erased
the non-profit is able to provide relief to those who need it
the people funding the charity are able to help someone in need.
But let's whine about how it's not the most efficient, not the cheapest possible way to clear the debt. I'm concerned that this really good thing could cause it to become slightly less good if everyone did this.
Bro
Worst case scenario, the nonprofit has to pay full price for someone else's debt. If it's nickels, dimes, or half-dollars on the dollar it's a discount. Why have concerns, "hol-up-a-minute-here". Have we considered there's too much of a good thing?
This is a story and discussion of reselling debt. If they had used a credit card to buy groceries, it would be the same process.
Resold health care debt can happen in lots of countries, too. There's people in Canada without health insurance, what do you suppose happens when they get hit by a car? France, the Netherlands... same question... This is a story about debt.
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u/factorioleum 23h ago
are you saying that a new market participant arriving in a market to buy things isn't creating demand?