Although Good Samaritans deserve a great holiday cheer for their part in paying for some of it, medical debt persists as a giant shame of the American health care system. Doctors, hospitals, insurers, Big Pharma, and other providers and suppliers need to step up to shrink the financial burdens of medical care that crush far too many patients and their loved ones.
Judith Jones and Carolyn Kenyon, two retired friends in Ithaca, N.Y., raised $12,500 that they donated to a charitable group. It buys bundled, past-due medical bills and forgives them to help those in need. That became a powerful gift, as RIP Medical Debt leveraged it, buying for a penny on the dollar or so, a portfolio of obligations exceeding $1.5 million.