Hustle For Humanity Introduces New Robin Hood Bailout Program
The 501(c)(3) nonprofit Hustle For Humanity introduces their new Robin Hood Bailout Program in which the charity plans to locate, buy, and forgive thousands of people's medical debt each year.
On their website they state:
"In accordance with Article 25 of the Universal Declaration of Human Rights, we recognize that basic healthcare is a fundamental human right that should be extended to each and every member of the human family. Unfortunately, even in developed first world countries like America, this is not yet the case.
Article 25:
(1) Everyone has the right to a standard of living adequate for the health and well-being of himself and of his family, including food, clothing, housing and medical care and necessary social services, and the right to security in the event of unemployment, sickness, disability, widowhood, old age or other lack of livelihood in circumstances beyond his control.
(2) Motherhood and childhood are entitled to special care and assistance. All children, whether born in or out of wedlock, shall enjoy the same social protection.
Important statistics:
- Around 64 million or 17 percent of all adults in America struggle to pay their medical bills.
- Even with insurance, 26 percent of all Americans said health care expenses have taken a serious toll on family finances.
- About 42 percent of all adult Americans say they took an extra job or worked more hours to cover medical bills, and 11 percent turned to charity.
- More than 11 million Americans will take on added credit card debt this year to cover medical expenses.
- Another 10 million will be unable to pay for basic necessities because of their medical bills.
- Some 43 million (one in five) have delinquent medical debt on their credit reports.
- For 15 million, medical debt is the only debt shown in their credit reports.
- Medical debt contributes to more than 60 percent of the bankruptcies in America.
Here's How it Works: Outstanding medical debt often is bundled into portfolios for sale on the secondary debt market (similar to mortgages). Using sophisticated data analytics, Hustle For Humanity can search medical debt portfolios to pinpoint those bundles most in need of relief. They then negotiate to purchase that debt at significantly reduced rates- pennies on the dollar (average ratio is 1:100). Such reduced rates typically are available only to large organizations in the debt buying industry. Donations for this Campaign: Donations to Hustle For Humanity's Robin Hood Bailout helps them buy and forgive an average of 100 times the amount in unpaid and unpayable medical debt. A donation of
- In
Nigeria , the richest man earns enough interest on his wealth in one year to lift two million people out of extreme poverty. Despite almost a decade of robust economic growth inNigeria , poverty has increased over the same period. - In
Indonesia , the four richest men own more wealth than the bottom 100 million people. - The three richest people in the US own the same wealth as the bottom half of the US population (roughly 160 million people).
- In
Brazil , someone earning the minimum wage would have to work 19 years to make the same amount as a person in the richest 0.1% of the population makes in one month.
About Hustle For Humanity:
Hustle for Humanity is a global movement of conscious people determined to unite the world, fight injustice, and uphold human rights.
We envision a world in which every person – regardless of race, religion, ethnicity, gender, class, lineage, or geographical nationality – enjoys equal human rights and equal opportunity to thrive and develop to the greatest extent of their individual talent and ambition.
As an educational nonprofit human rights organization, HFH works locally, nationally, and internationally to protect and promote the civil, political, economic, social, and cultural rights set forth in the Universal Declaration of Human Rights.
We educate all sectors of society on these rights through grassroots and legislative lobbying and advocacy campaigns with the goal of one day making Universal Human Rights the law in every nation on Earth. With your help, we can push to get this powerful document into the curriculum of schools across the
History has demonstrably shown us that our entire way of life can be immensely improved overnight with a series of pivotal pen stokes. This is why it is absolutely crucial that we call on all governments and the entire public and private sector to ensure that the fundamental freedoms enshrined in the Universal Declaration of Human Rights are universally implemented and become a living reality.
For more information, they can be visited online at:
http://www.hustleforhumanity.org
Read the full story at http://www.prweb.com/releases/2018/04/prweb15447911.htm
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