US doctor forgives $650k in medical bills for cancer patients
1–10 of 349 posts
Re: US doctor forgives $650k in medical bills for cancer patients
#2Perhaps I'm being too cynical, but accounts in collections are typically sold at about 4% value. They'd expect to get about 26k back from that debt. Perhaps they felt the good PR was worth that much?
Re: US doctor forgives $650k in medical bills for cancer patients
#3He has done more good than legions of software engineers who make multiples of his income.
Re: US doctor forgives $650k in medical bills for cancer patients
#4[deleted]
Re: US doctor forgives $650k in medical bills for cancer patients
#5Perhaps I'm being too cynical, but accounts in collections are typically sold at about 4% value. They'd expect to get about 26k back from that debt. Perhaps they felt the good PR was worth that much?
He's closed his practice so I'm not sure why he would care that much about the value of the PR?
You're right that he's probably "only" written off a fraction of the headline amount but that doesn't feel like it matters much in this context.
Re: US doctor forgives $650k in medical bills for cancer patients
#6Perhaps I'm being too cynical, but accounts in collections are typically sold at about 4% value. They'd expect to get about 26k back from that debt. Perhaps they felt the good PR was worth that much?
[deleted]
Re: US doctor forgives $650k in medical bills for cancer patients
#7Perhaps I'm being too cynical, but accounts in collections are typically sold at about 4% value. They'd expect to get about 26k back from that debt. Perhaps they felt the good PR was worth that much?
> Dr Omar Atiq closed his cancer treatment centre in Arkansas last year after nearly 30 years in business.
If he closed up then good PR is worthless is it not?
Also debt can be collected at a fee, or sold at a loss. He probably wanted to collect the 600k but when he got calls from the collection agency about the inability to pay he decided it wasn't worth it.
That's my understanding.
Re: US doctor forgives $650k in medical bills for cancer patients
#8He has done more good than legions of software engineers who make multiples of his income.
You can argue that software engineers who implemented avionics software that keeps airplanes safe or created thermostat-controlling software to reduce waste of energy and greenhouse gasses contributed even more given the scale of the applications.
I have no idea what the point of your comment is though.
Re: US doctor forgives $650k in medical bills for cancer patients
#9Perhaps I'm being too cynical, but accounts in collections are typically sold at about 4% value. They'd expect to get about 26k back from that debt. Perhaps they felt the good PR was worth that much?
I mean, you’re not wrong. But this outcome is far from covering his losses.
Being charitable isn’t always a give all, take none situation. In this case is clear that there’s some positive outcome for the doctor by forgiving debts. This doctor gets some positive PR, can write off this as a loss for tax purposes and the patients are relieved from their debts.
Seems like a win-win for a hopeless situation.
So
Re: US doctor forgives $650k in medical bills for cancer patients
#10BBC is just pakistani muslim mouthpiece, there are many doctors who waive of bills. A 4% value debt of 650k is promoted as a huge deal. If you investigate carefully, you will find that the same doctor funded terrorists who killed americans all over the world.