Do Medical Bills Kill Americans As Fast As Disease? Jerry Ashton From NO MORE MEDICAL DEBT
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Unlike the rest of the developed world, America doesn't have socialized healthcare, which is a short way of saying that if you get sick and you don't have money or insurance, you're screwed, because if the disease doesn't get you, the bill collectors will!
Why does this system work in such a way, well it's quite simple, it's a money go round, bill collectors buy debts at pennies on the dollar then extract it from the people who've got nothing to pay it back with so everything is pursued for a profit only purpose.
This means in effect that as much as 50% of bankruptcy in America is due to medical bills!
After 40 years in the credit and collections industry, Jerry Ashton now tries to raise money from donations to help pay off medical bills in bulk by purchasing the debts from the collections agencies at pennies on the dollar and forgives the debts!
This episode provides some very deep insights into how a society should NOT treat the sick and dying.