The Robin Hood Bailout

The Robin Hood Bailout is a program in which Hustle For Humanity locates, buys, and forgives thousands of people’s medical debt each year.

In accordance with Article 25 of the Universal Declaration of Human Rights, we believe 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.

The facts are frightening when we think about them. The situation is critical for many of us. We all know someone in our family or community who is struggling to survive under a growing pile of medical bills. Some of us are going under.

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. We 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.

Once medical debt is purchased, HFH then forgives the debt and informs those helped that they are forever free from that particular debt and its blemish on their credit report.

We regret that HFH cannot forgive medical debt for specific individuals at this time. If the IRS law ever changes in this regard, this may be modified.

Donations for this Campaign

Your donation to HFH’s Robin Hood Bailout helps us buy and forgive an average of 100 times the amount in unpaid and unpayable medical debt. A donation of $100 may forgive $10,000 in medical debt. Hustle For Humanity is a 501(c)(3) nonprofit charity, so you get a tax deduction. The recipients of The Robin Hood Bailout have no adverse tax consequences, no obligations, no strings attached. Hustle For Humanity simply abolishes their medical debt. For good.

Only you know how much you can afford to help out another person – and likely a total stranger. Kindly pay it forward with a random act of kindness, and give what you can. Thank you in advance should you choose to participate.

Hustle For Humanity is evolving the capacity to forgive debt for a given community but we are not able to forgive debt for a specific family or person at this time. If you still have questions or wish to target a community for debt forgiveness, feel free to contact us.