Atlanta Hawks star Trae Young wipes out over $1 million in medical debt for Atlanta residents

 
Post new topic    LakersGround.net Forum Index -> General Basketball Discussion Reply to topic
View previous topic :: View next topic  
Author Message
Basketball Fan
Franchise Player
Franchise Player


Joined: 03 Feb 2004
Posts: 23331

PostPosted: Wed Jan 08, 2020 4:07 pm    Post subject: Atlanta Hawks star Trae Young wipes out over $1 million in medical debt for Atlanta residents

https://www.cbsnews.com/news/trae-young-rip-medical-debt-atlanta-hawks-2020-01-08/?ftag=CNM-00-10aab7e&linkId=80306605

Quote:
Atlanta Hawks star Trae Young wipes out more than $1 million of medical debt for residents


Atlanta Hawks star Trae Young has canceled more than $1 million in medical debt for residents in the city. The second-year NBA pro teamed up with RIP Medical Debt, a nonprofit that takes care of past-due medical debts.


Young made a donation of $10,000 through his organization, the Trae Young Foundation, to target relief in the greater Atlanta area, RIP Medical announced Wednesday.

"The city of Atlanta has welcomed me with open arms," Young said in a statement. "Giving back to this community is extremely important to me. I hope these families can find a bit of relief knowing that their bills have been taken care of as we enter the New Year."

He later tweeted, "Blessed to have such a Great Team around me to help me make this happen!!"


Trae Young

@TheTraeYoung
Blessed to have such a Great Team around me to help me make this happen!!

For the A❤️ #MakeADifference https://twitter.com/wsbtv/status/1214936570614222848

WSB-TV

@wsbtv
🙏 Atlanta Hawks star cancels more than $1 million of medical debt in the city: https://2wsb.tv/35Boky6

View image on Twitter
22.4K
11:51 AM - Jan 8, 2020
Twitter Ads info and privacy
3,391 people are talking about this
His charitable act removes $1,059,186.39 worth of medical debt, RIP Medical said, since the organization uses donated funds to purchase debt from a secondary debt market at a lower price.

Because the debt is bought in large portfolios, RIP Medical spokesperson Daniel Lempert told CBS News that on average, every $1 donated relieves $100 worth of medical debt. Those who qualify for RIP Medical debt forgiveness are people earning less than twice the federal poverty level, people in financial hardship and others facing insolvency, as explained on RIP Medical's FAQ page.

"The nonprofit is always thrilled to work with local campaigners because it focuses relief on a specific location and makes it personal for the donor," Lempert explained. "We're very pleased with Trae's promise and renown can make such a powerful statement and hopefully set a really great example for the fans that look up to him."
Back to top
View user's profile Send private message Reply with quote
mookielala
Star Player
Star Player


Joined: 29 Jul 2012
Posts: 3017

PostPosted: Wed Jan 08, 2020 8:21 pm    Post subject:

Back to top
View user's profile Send private message Reply with quote
Display posts from previous:   
Post new topic    LakersGround.net Forum Index -> General Basketball Discussion All times are GMT - 8 Hours
Page 1 of 1
Jump to:  

 
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum






Graphics by uberzev
© 1995-2018 LakersGround.net. All Rights Reserved. Privacy Policy. Terms of Use.
LakersGround is an unofficial news source serving the fan community since 1995.
We are in no way associated with the Los Angeles Lakers or the National Basketball Association.


Powered by phpBB