The Real Lesson of John Oliver’s Medical Debt Forgiveness Stunt

Late-night TV host John Oliver recently caused a stir by attacking debt collectors in a clever way. He set up his own collection agency, bought $15 million of medical bad debt, and then forgave it all. This was all done on TV, to the cheers of his audience.
Oliver claimed to have outdone Oprah Winfrey, who once gave a car to each person in her studio audience. Oprah’s car giveaway cost $8 million, just over half of Oliver’s buyout. So, Oliver wins the charitable ego competition, right?
Nope. Oliver did not forgive $15 million of medical debt. That was the face amount

Read more at The Independent Institute