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Occupy Group Relieves $14 Million in Medical Debt

HeadlineNov 19, 2013

An offshoot of Occupy Wall Street has announced it has bought up and forgiven $14.7 million worth of U.S. medical debt over the past year. The Occupy Wall Street’s Strike Debt group launched its “Rolling Jubilee” effort to buy distressed debt from financial firms, often for pennies on the dollar, and then cancel it so that borrowers do not have to repay. The group says it has spent more than $400,000 to buy up medical debt and relieve some 2,600 patients of their financial burdens.

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