Strike Debt’s Rolling Jubilee Has Abolished $13.5 Million in Medical Debt, Owned by 2,693 People, in 45 States & Puerto Rico

[NEW YORK, NY]  Strike Debt, an offshoot of Occupy Wall Street, announced this morning that since the launch of the group’s Rolling Jubilee effort one year ago, it has abolished $13.5 million worth of medical debt owed by 2,693 people across 45 states and in Puerto Rico. This is the third announcement by Strike Debt in the last year which to date has abolished over $14.7 million dollars of medical bills through its Rolling Jubilee project.

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The Rolling Jubilee campaign relieves debtors (by buying debt for pennies on the dollar) while building a debt resistance movement. This project highlights the injustice of having to go into debt for basic needs that should be publicly provided, like education and healthcare. “We have been honored to facilitate this effort but understand Rolling Jubilee is a spark, not a solution” said Andrew Ross, a fellow Strike Debt organizer. “Being forced into debt for basic social services is a systemic problem that will require a collective response.”“No one should have to go into debt or bankruptcy because they get sick,” said Laura Hanna, an organizer with Strike Debt, noting that 62% of all personal bankruptcies have medical debt as a contributing factor.

“Debt is the tie that binds the 99 percent,” says Strike Debt member Ann Larson. “Whether you are a student who is delinquent on your student loans, a parent struggling to pay healthcare bills, or living in a community that is cutting vital social services because your city is bankrupt, debt affects everyone.”

Strike Debt chapters in New York, the Bay Area, Austin, Portland and elsewhere are planning celebrations and debtors’ assemblies on Nov 15th.

Strike Debt is working towards building a new kind of collective power in order to challenge exploitation by the financial industry. “Debt is the way we cooperate with Wall Street,” said Thomas Gokey an organizer with Strike Debt, “With the Rolling Jubilee, we’ve demonstrated how little your debts are actually worth. Now that you know this, it’s time to use it as leverage. It’s time to fight back. The Rolling Jubilee needs to roll into larger forms of resistance and outright non-cooperation with Wall Street’s unjust debts.” Looking forward, Strike Debt is laying the groundwork for a debtors’ union capable of collective debt refusal.

Strike Debt/Rolling Jubilee organizers are available for interview. To request an interview please contact Andy Stepanian at andy@sparrowmedia.net or 631.291.3010.

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For more information on Strike Debt and the Rolling Jubilee, visit strikedebt.org and rollingjubilee.org

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Comments

3 Comments so far. Leave a comment below.
  1. sally,

    This is so wonderful a concept. Unfortunately, it is misguided . Less people would go bankrupt over medical bills if the food they choose to eat were not full of known toxins and health risks. It would be more helpful to more people if you would put your efforts into removing GMO’s, toxic fast foods and carcinogenic chemicals in the home.

    • naomi,

      it would be more helpful, sally, if the USDA, FDA, and EPA would properly do the jobs we are paying them to do instead of pandering to corporate pressure/lobbying. they, as health hazards, approve all these toxics over the objections and petitions of millions. we must vote daily with our dollars and boycott the products/companies with all these toxics. and we would also do well to move toward the more natural healing practices.

  2. I enjoy what you guys are up too. This sort of clever work and reporting!
    Keep up the excellent works guys I’ve included you guys to my blogroll.

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