That sucks big time. I think I'm your position I'd likely hold it until the doctors/hospitals/medical companies either worked with me or allow the accounts to charge off and be bought by a collection agency that may settle for much less. I don't know the figures for medical debt specifically; but I know the average collection agencies pay for credit card debt, for example, is something like four or five cents for every dollar owed.
Saw this happen to a older man, he got cancer in his balls and had them cut off. Ended up working at Walmart full time after multiple treatments that didn't work. It sucked seeing him come in almost immediately after that surgery to work and being bullied by some of the other workers.
Alot sadly, they loved making jokes about him having no balls I lost it a few times and stood up for the guy but he was already defeated and broken so it just kept happening cause he was an easy target.
Ignoring medical debt doesn't work as well when you need continuous care. If you get hit by a bus and spend a 4 weeks in the icu it could work. But if you need to come back once a month for treatment they are going to stop giving it to you if you aren't paying.
Plus there is the debt they gained simply by being sick and losing out on potential income during that time.
The coffin is not nailed until we give up. There are ways forward, but they will require sacrifice -- even if it's just your time to start with. But giving up is what nails the coffin, giving up and losing the memory and will to fight.
I know everyone reading this has that capacity. You would not have made it through this long if you didn't.
I ran up credit cards when I was 19, because I figured I wouldn't own a home in the 7 years it'd take to fall off. Medical debt is even less severe, as it regularly gets bought out by good Samaritans after it hits collections.
Just curious, why did you think it was OK to borrow money that you did not intend to pay back? I'm not here to judge. And honestly, they take enough money from us through interest. Just genuinely curious. I'm trying to build a list of things to teach my future kids.
A word of caution before I tell you this: do NOT tell your kids about it.
Look up Quantitative Easing, Fiat Currency, Fractional Reserve Banking, and Prime Rate to see how the Federal Reserve and banking systems are used to, quite literally, bleed people dry.
And no, they have absolutely no intention of ever revaluing the currency they stole the value from in the first place.
We live in a full-blown kleptocracy, and I will tell you right now it is much, much better that your children don't know that, because if we had been taught that when we were younger, we would've refused to play.
Just added these to my Obsidian notes. I appreciate it. I love rabbit holes like this. It's good to know what's going on behind the scenes. I wonder if this is the same thing that's on the us debt calculator website . There was a PDF document showing how we were being robbed since the federal reserve came to fruition.
You must be new to politics or the world at large. I couldn't give less of a shit of what I did to JP Morgan by not paying, when they were actively protecting Epstein and helping him funnel millions and terrorize hundreds of minors.
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u/nginn 5d ago
That sucks big time. I think I'm your position I'd likely hold it until the doctors/hospitals/medical companies either worked with me or allow the accounts to charge off and be bought by a collection agency that may settle for much less. I don't know the figures for medical debt specifically; but I know the average collection agencies pay for credit card debt, for example, is something like four or five cents for every dollar owed.