$100M in Medical Debt Eliminated thanks to Philanthropic Gift
RIP Medical Debt Collaborates with Panhandle Resident Ryan “Jume” Jumonville to Spread Love RIP Medical Debt and Ryan “Jume” Jumonville, announced a new agreement today that will eliminate $100,000,000 of patient medical debt for Floridians. Beginning in May, the lucky Sunshine State residents benefiting from this gift will be receiving letters notifying them that some or all of their medical bills are now “paid in full”. This medical debt was abolished as a charitable act; eliminating any potential tax consequences for recipients. Medical expenses are the leading cause of bankruptcy in the U.S. “It’s so difficult for families to overcome health problems, only to face financial hardships from the related medical bills,” says Jumonville. This gift was inspired by a very personal experience. “I recently lost my niece Claire. She battled Cystic Fibrosis her entire life and spent much of that time in hospitals. I’m making this gift in her honor as no one could spread love quite like her,” Jumonville shared. RIP Medical Debt is a not-for-profit, national charity that raises funds from donors and uses those funds to acquire and abolish medical debt. Since inception in 2014 nearly $8.5 billion of medical debt has been abolished, helping more than 5.5m people. Medical debt often results from unplanned, unexpected illnesses and accidents. About one-third of U.S. adults have difficulty covering unexpected health care bills. RIP Medical Debt is committed to relieving people of the burden of medical debt to enhance their economic opportunities and to enable them to live...
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