Medical debt cripples millions of Americans, including hundreds of thousands in the D.C. area, and NBC is taking steps to help.
More than 668,000 people in the D.C. metropolitan area owe a total of more than $600 million in medical debt.
“You’re one illness away or one accident away from financial ruin in this country,” Craig Antico said.
Antico used to be a debt collector.
Fifty percent of all collections in this country are medical, he said.
For those who can’t pay, their debt can be bought and sold to collectors for pennies on the dollar. It costs collectors next to nothing while people drown in bills. For just $10, a collection agency can purchase $1,000 worth of debt, an amount that increases at 12 percent interest…
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