The grimy business of buying and selling US debts

August 2024 · 1 minute read

Last weekend, US TV show host John Oliver bought and forgave $15m (£10.3m) worth of medical debt, delighting hundreds of people who had defaulted on the sky-high expenses from life-threatening illnesses. It only cost him $60,000 plus a $50 set-up fee. So is it that simple?

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