John Oliver, the host of HBO's "Last Week Tonight," made some amazing discoveries about the U.S. medical debt collection system recently when his show produced a segment on that topic.
A team at the show paid $50 to register a debt-acquisition firm in Mississippi.
The team was then able to buy a portfolio of $15 million in delinquent medical debt for about $60,000, or just 40 cents per $100 in debt. The team forgave the debt.
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