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$100M in Medical Debt Eradicated due to Philanthropic Present

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RIP Medical Debt Collaborates with Ryan “Jume” Jumonville to Unfold Love

DESTIN, Fla., April 20, 2023 /PRNewswire/ — RIP Medical Debt and Ryan “Jume” Jumonville, introduced a brand new settlement in the present day that can eradicate $100,000,000 of affected person medical debt for Floridians. Starting in Could, the fortunate Sunshine State residents benefiting from this present can be receiving letters notifying them that some or all of their medical payments at the moment are “paid in full”.

This medical debt was abolished as a charitable act; eliminating any potential tax penalties for recipients. Medical bills are the main explanation for chapter within the U.S. “It is so tough for households to beat well being issues, solely to face monetary hardships from the associated medical payments,” says Jumonville. This present was impressed by a really private expertise. “I lately misplaced my niece Claire. She battled Cystic Fibrosis her whole life and spent a lot of that point in hospitals. I am making this present in her honor as nobody may unfold love fairly like her,” Jumonville shared.

RIP Medical Debt is a not-for-profit, nationwide charity that raises funds from donors and makes use of these funds to accumulate and abolish medical debt. Since inception in 2014 practically $8.5 billion of medical debt has been abolished, serving to greater than 5.5m folks. Medical debt typically outcomes from unplanned, surprising diseases and accidents. About one-third of U.S. adults have issue overlaying surprising well being care payments.

RIP Medical Debt is dedicated to relieving folks of the burden of medical debt to boost their financial alternatives and to allow them to stay more healthy lives. RIP’s standards for debt reduction are these people who’re 4 instances or under the federal poverty stage or these with medical debt that’s 5% or extra of their gross annual earnings. Medical debt reduction can’t be requested and is source-based.

About Philanthropist Ryan “Jume” Jumonville
Jumonville has a ardour for philanthropy. He’s primarily centered on youngsters’s healthcare and was the quickest to achieve the Million Miracle Membership for Kids’s Miracle Community Hospitals. He has additionally offered scholarships for kids of fallen U.S. navy servicemen, donated greater than 1,000,000 meals to meals banks, funded water wells in third world nations, donated to properties for single moms, and most lately constructed an agriculture school in Africa to show sustainable farming. He’s additionally liable for saving U.S. residents greater than two billion {dollars} via varied prescription help applications that he developed, funded, and/or managed.

About RIP Medical Debt  
Since being based in 2014 by two former debt collectors, RIP Medical Debt has acquired — and abolished — greater than $8.5 billion of burdensome medical debt, serving to over 5.5 million households by addressing a serious social determinant of well being: the monetary hardship that outcomes from unpayable medical money owed. RIP companions with people, faith-based organizations, foundations, and companies. RIP additionally companions with hospitals and well being techniques, physicians and different organizations to accumulate medical debt for abolishment. RIP rose to nationwide prominence on an episode of HBO’s “Final Week Tonight” with John Oliver through which RIP facilitated the abolishment of $15M in medical debt. As a result of debt is bought in bundled portfolios for a fraction of its face worth, one donated greenback can abolish, on common, $100 of medical debt. To study extra, go to www.ripmedicaldebt.org.

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View authentic content material:https://www.prnewswire.com/news-releases/100m-in-medical-debt-eliminated-thanks-to-philanthropic-gift-301803358.html

SOURCE Ryan D. “Jume” Jumonville

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