>>510359582
yeah, thats pretty much same system as UK (except no medical, as NHS) and exactly what I was wondering why it didn't happen with 'medical debt' in US - it being sold on to the first guppys that fancy their chances of being unpleasant enough cunts that they might collect a small %. But it obviously does. The going rate seems to be 1c in the $, if this is anything to judge by:
https://www.inquirer.com/news/philadelphia/rip-medical-debt-forgiveness-philadelphia-20230828.html
- which suggests, they reckon on at least 2% being collectable.
>>510358818
>>510359337
cheers for the explanations, but it still seems like there's a lot being taken on trust here: 'its *theoretically collectable*, but they'll never sue..'
$220B is a juicy plum, and if medikikes can force through stricter regulation on collections - which appears to be the direction of travel - getting collection rates up to even 10% is a $20B+ business. And another 14 million people in penury, but no-one appears to give much of a shit 'bout them.