Great News: our campaign to eliminate medical debt in northern New England more than doubled expectations! RIP Medical Debt leveraged our donation of $10,157 to eliminate a whopping $2.2 million in outstanding medical debts! Prime ATC’s campaign ultimately benefited 1,957 families in Maine, Massachusetts, New Hampshire, and Vermont.
How was this possible, you might ask? RIP Medical Debt used our donation to purchase bundled medical debt portfolios on the secondary debt market, and then forgave that debt at pennies on the dollar. On average, $1 is leveraged to abolish $100 in debts. When debt relief recipients open the yellow envelope from RIP Medical Debt, they are told that their debt has been bought by a third party and erased with no strings attached. They owe nothing on the debt and face no tax penalty.
Prime ATC donated 20% of all capsule sales in January and February to support this effort. Thanks to all patients who participated by buying capsules or by donating directly! We would also like to thank United Canna Supply for stepping up with a generous donation of $1,157!
Here’s a county-by-county breakdown of medical debts that have been eliminated as a result of this campaign:
Our Community Outreach program is off to an amazing start in 2023! We are currently raising money for the national MS Society and will announce the results of that campaign soon.
