This Indiana Church Paid $7.8 Million In Medical Dept For 6,000 Families
Religion is manifested in the regular and the real, in the present and the existing living form of life. This Indiana church has practiced what it has always preached. It has reached out to help those in trouble and in the process sought to dispel the darkness around many lives.
This church has set the standard for community service by helping to decimate medical debts totaling $7.8 million of over 6,000 families in the state of Indiana.
Northview Church of Carmel and RIP Medical Debt teamed up and used the church’s donation fund of over $40,000 to buy back medical debts of families covering 10 communities across the state, reports IndyStar.
The New York organization intervenes for the poor families whose debts are 5% or more of their income and also families who are suffering from poverty. The beneficiaries get to know that their debts have been wiped out and there are no other restrictions or obligations attached.
Also read: Instead Of Spending Money On Advertising, Church Abolishes $10 Million In Medical Debt For Local Residents
In a typical situation, the bills of people who are having a difficult time paying their medical debts are sent to collection agencies while the debts keep growing. But RIP takes up the case, negotiates with the doctors, investors, and hospitals to purchase the debt at a fraction of the cost.
The North View Church said that the beneficiaries are forever free from the debt and there are no negative effects for those they benefitted.
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There are 7 church campuses throughout the state. The initial plan was to help 2,500 families wipe out $2 million in debts. But when other churches contacted to contribute to the cause after getting news in June, the amount that could be abolished increased to $7.8 million to cover 6,000 families across the state.
Also read: Billionaire Who Promised To Pay Off College Students’ Debt Is Tackling Their Parents’ Debt, Too
The donation more than doubled to $40,000 as the congregants requested to join the movement. The debt support plan received a boost. The church claims that the medical debt burden of entire cities could be wiped because of the effort.
We don’t serve others to convert them. We serve others because we have been converted.
— Steve Poe (@pastorstevepoe) September 16, 2019
This initiative by the church to reach out to help people isn’t restricted to community members. Complete strangers have received the delightful news that their debts have been wiped out.
At RIP Medical Debt, a team of debt collectors has come together to buy millions of dollars of medical debt at a fraction of the actual amount. As medical debt has fairly low recovery rates, collectors are willing to forego most of it during negotiations, says Neale Mahoney, a professor of economics at the University of Chicago. The impact of RIP is being studied by researchers from the Abdul Latif Jameel Poverty Action Lab (J-PAL) at MIT, set up by Nobel Laureates Abhijit Banerjee and Esther Duflo, along with Sendhil Mullainathan.