Nonprofit charity R.I.P. Medical Debt, which buys and absolves people’s health care debt in bulk, has wiped away $700 million since its inception in 2014 — and that number should hit $1 billion later this year, co-founders Jerry Ashton and Craig Antico told me.

How it works: R.I.P. Medical Debt rose to fame in 2016 after it helped comedian John Oliver forgive $15 million of medical debt.

  • Hospitals pursue patients' bills, occasionally threatening legal action, but if they think it's a lost cause, they sell the uncollected debt to debt buyers for pennies on the dollar.
  • Debt buyers become the new collectors, and they "get very aggressive," said Ashton, who used to work in the bill collections industry but now calls himself a "predatory giver."
  • R.I.P. Medical Debt jumps in and buys the debt from the debt buyers using donated funds, and immediately abolishes the debt.
  • The organization focuses on the poor: debtors have to earn less than twice the federal poverty level, are insolvent, or have medical debt that makes up at least 5% of their annual income.

What they're saying: "There's no such thing as great health insurance," Ashton said. "If you and I think this paper-thin safety net of insurance is going to save us, that's not going to be the case."

Go deeper: "A drop in the bucket" of medical debt

Go deeper

Robert Mueller speaks out on Roger Stone commutation

Former Special Counsel Robert Mueller testifies before the House Permanent Select Committee on Intelligence on Capitol Hill on Wednesday July 24, 2019. Photo: The Washington Post / Contributor

Former special counsel Robert Mueller responded to claims from President Trump and his allies that Roger Stone was a "victim" in the Justice Department's investigation into Russian interference in the 2016 election, writing in a Washington Post op-ed published Saturday: "He remains a convicted felon, and rightly so."

Why it matters: The rare public comments by Mueller come on the heels of President Trump's move to commute the sentence of his longtime associate, who was sentenced in February to 40 months in prison for crimes stemming from the Russia investigation. The controversial decision brought an abrupt end to the possibility of Stone spending time behind bars.

Trump dons face mask during Walter Reed visit

Trump wearing a face mask in Walter Reed National Military Medical Center on July 11. Photo: Alex Edelman/AFP via Getty Images

President Trump wore a face mask during his Saturday visit to Walter Reed National Military Medical Center, according to AP.

Why it matters: This is the first known occasion the president has appeared publicly with a facial covering as recommended by health officials since the coronavirus pandemic began, AP writes.

Updated 9 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 5:30 p.m. ET: 12,607,510 — Total deaths: 562,338 — Total recoveries — 6,948,863Map.
  2. U.S.: Total confirmed cases as of 5:30 p.m. ET: 3,228,884 — Total deaths: 134,600 — Total recoveries: 983,185 — Total tested: 38,919,421Map.
  3. Public health: Jimmy and Rosalynn Carter: "Please wear a mask to save lives" Fauci hasn't briefed Trump on the coronavirus pandemic in at least two months — We're losing the war on the coronavirus.
  4. Food: How the coronavirus pandemic boosted alternative meat.
  5. Sports: Charge of "money grab" by college football.
  6. World: India reimposes lockdowns as coronavirus cases soar.