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November 19, 2013

Occupy Group Relieves $14 Million in Medical Debt 
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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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