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MTGBruhs t1_j6zaqxa wrote

So, they're using 20 mil to buy down 2 Bil. Why don't they just make things cheaper in the first place, instead of overcharging?

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falconk27 t1_j706fc0 wrote

This is debt from people who can't easily pay so the hospitals/insurance find it cheaper to sell that bundled debt to collectors. The collectors now own the debt and can put in all the work to get those people to pay. If CT buys this debt, cheap because blood from a stone, they can just forgive it instead of trying to collect interest for years

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