logo
Medical debt totaling more than $472.5 million eliminated, Orange County announces

Medical debt totaling more than $472.5 million eliminated, Orange County announces

Yahoo06-05-2025

Yahoo is using AI to generate takeaways from this article. This means the info may not always match what's in the article. Reporting mistakes helps us improve the experience.
Yahoo is using AI to generate takeaways from this article. This means the info may not always match what's in the article. Reporting mistakes helps us improve the experience.
Yahoo is using AI to generate takeaways from this article. This means the info may not always match what's in the article. Reporting mistakes helps us improve the experience. Generate Key Takeaways
Thanks to its collaboration with Undue Medical Debt, medical debt exceeding $472.5 million has been erased for over 310,000 residents of Orange County.
This debt relief encompasses accounts obtained from local hospital systems as well as third-party debt collection agencies.
This wonderful investment, made possible by the County's allocation from the American Rescue Plan Act of 2021, enables Undue Medical Debt to thoughtfully analyze and purchase qualifying medical debt for just a fraction of its face value.
'This program is the latest countywide effort to improve the quality of life for our residents,' said Orange County Mayor Jerry L. Demings.
Approximately $3 million has been used from the program's budget.
Demings continues, 'This collaboration with Undue Medical Debt has allowed our Board to efficiently maximize the impact of public funds, helping as many individuals as possible to become financially stable.'
It is essential to know that the program does not accept applications.
Qualifying debt from an Orange County resident meets one of two criteria:
Resides in a household with income at or below 400% of the Federal Poverty Guidelines
Has medical debt that equals or exceeds 5% of their total household income
Once the debt is acquired, it is fully settled, requiring no further action from the impacted residents. Recipients will receive an official letter from Undue Medical Debt confirming the relief, which will begin arriving this week.
'We look forward to continuing our mission in partnership with Orange County,' said Allison Sesso, president and CEO of Undue Medical Debt.
Click here to download our free news, weather and smart TV apps. And click here to stream Channel 9 Eyewitness News live.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Did Mark Cuban Get Rich by ‘Scamming' Other Billionaires?
Did Mark Cuban Get Rich by ‘Scamming' Other Billionaires?

Yahoo

time6 hours ago

  • Yahoo

Did Mark Cuban Get Rich by ‘Scamming' Other Billionaires?

Mark Cuban has offered business advice to millions of people through his 'Shark Tank' appearances and has a partial stake in the Dallas Mavericks. However, some people — especially on Reddit — questioned his path to wealth, accusing the billionaire of scamming people to achieve his fortune. Cuban's initial riches didn't come from 'Shark Tank' or owning a basketball team. You need a lot of money to have those types of opportunities. The entrepreneur's big payday came in 1999 when Yahoo acquired his internet radio startup for $5.7 billion. Read Next: Check Out: The startup went out of business in just three years, but Cuban already made his money. It's regarded as one of the worst internet acquisitions during the dot-com bubble and some people view it as Cuban scamming people on the way to success. Although didn't live up to its price tag, it's hard to call it a scam — below is some important context to keep in mind. Also here's more on how Cuban became a billionaire. Cuban knew that his startup and most of the dot-com companies were overpriced. That's part of the reason he was eager to sell his company to Yahoo for $5.7 billion. Yahoo was making acquisitions left and right and lost a lot of money on a lot of deals. just happens to be a stand-out that is connected with Cuban. It's similar to when an investor sells a stock before it drops by 80%. It's not a scam, but the investor wanted to part ways with an asset before it lost significant value. Cuban knew this risk and used options to hedge his position in Yahoo stock. He received $1.4 billion in shares that he couldn't sell right away, so he bought Yahoo stock puts and sold calls leading up to the crash. See Next: Furthermore, was only started in 1995, so a $5.7 billion selling price is phenomenal after just two years of work. Financial markets rarely present those types of opportunities and Cuban was quick to pounce on it. It's not like Cuban forced Yahoo to buy his company for $5.7 billion. The company's executives had plenty of time to conduct due diligence and if they rushed the process, then that's on them. Not every business investment pans out and doing some due diligence can minimize the chances of making a mistake. Yahoo made several acquisitions during the dot-com bubble. It was a period of great irrationality that hurt many investors, but a few investors made out of that environment with a lot of money, including Cuban. It's well known that Yahoo executives also had the opportunity to buy Google for $1 million in 1998 but turned it down. They also had another chance to acquire Google for $5 billion in 2002. You can't miss out on more money than Yahoo did, even if you tried. The same management team that refused to buy Google at $5 billion in 2022 gave Cuban and his team $5.7 billion to acquire It's hard to call Cuban a scammer when the executives didn't do sufficient due diligence. There's nothing wrong with Cuban accepting a favorable deal if a company provided it to him after doing their research. More From GOBankingRates Mark Cuban Warns of 'Red Rural Recession' -- 4 States That Could Get Hit Hard 3 Reasons Retired Boomers Shouldn't Give Their Kids a Living Inheritance (And 2 Reasons They Should) The 5 Car Brands Named the Least Reliable of 2025 This article originally appeared on Did Mark Cuban Get Rich by 'Scamming' Other Billionaires? Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Apple Watch 圈圈真的準?美國有研究指 Apple Watch 部份運動數據追蹤表現準度不足
Apple Watch 圈圈真的準?美國有研究指 Apple Watch 部份運動數據追蹤表現準度不足

Yahoo

time10 hours ago

  • Yahoo

Apple Watch 圈圈真的準?美國有研究指 Apple Watch 部份運動數據追蹤表現準度不足

Yahoo購物節,6月2至13日正式舉行!集合全球精選著數的網上大型購物節:波鞋低至36折、手袋低至4折、自助餐半價、旅遊產品買一送一等,更有獨家優惠為您而設,把握限時兩星期優惠,1Click買盡全世界! 早前消委會就發表智能手錶評測報告,強調智能手錶、手環的運動數據都是估算,只適宜作參考之用。其實智能手錶在追蹤不同數據時準度的確存在著誤差。最近美國就有研究指 Apple Watch 於運動時記錄燃燒了多少卡路里的數據,準度並不是想像中的高。 美國密西西比大學的研究人員做了一個關於 Apple Watch 的研究,分析了 56 數據得出一個整合分析,並以 Apple Watch 每一項的表現都與標準的醫療級工具進行了比較。結果顯示 Apple Watch 於測量心率及步數方面極大部份情況下是準確的。研究人員指,測心率與步數的平均絕對百分比誤差(即衡量準確度的標準指標)分別為 4.43% 與 8.17%,然而估算燃燒了卡路里數據表現就達 27.96%。對於一般大眾買到的穿戴式裝置而言,低於 10% 的誤差值表現已被視為「十分優秀」,但研究團隊測試 Apple Watch 在走路、跑步、混合強度訓練和踩單車等多種活動中計算用戶燃燒了多少卡路里的數據時,卻發現其估算值大幅超出可接受範圍。 不過研究人員同時指出,這個數據本身就相當難以估算,因為涉及許多變數如體重及運動方式等等。因此,不要把每個數字都當作 100% 準確,而是可當成其中一種鼓勵的工具,達至恆常運動、保持追蹤習慣並維持動力。團隊還指出,目前 Apple Watch 的準確度已提高了不少,顯示蘋果在硬體及演算法方面都在逐步改進,而指出弱點可幫助開發者獲得更真實的回應建議,協助他們進一步研究,以製出更好的感應器或演算法,提升智能手錶追蹤健康數據的表現。 更多內容: 9to5mac 消委會試智能手錶運動偵測,Garmin 最貴最高分,一款千元級高評分!Apple、Samsung、華為各有高低 智能手錶推薦 2025 | Apple、三星、Garmin 如何選?三鐵、跑山、單車各有不同,睇清楚點揀! 緊貼最新科技資訊、網購優惠,追隨 Yahoo Tech 各大社交平台! 🎉📱 Tech Facebook: 🎉📱 Tech Instagram: 🎉📱 Tech WhatsApp 社群: 🎉📱 Tech WhatsApp 頻道: 🎉📱 Tech Telegram 頻道:

Opendoor Technologies seeks reverse stock split
Opendoor Technologies seeks reverse stock split

Business Insider

time11 hours ago

  • Business Insider

Opendoor Technologies seeks reverse stock split

Opendoor Technologies (OPEN) filed a preliminary proxy statement. The proxy statement was furnished in connection with the solicitation of proxies by Opendoor's Board of Directors for use at the company's Special Meeting of Stockholders to be held on Monday, July 28, 2025, at 9:30 a.m. Pacific Time. 'Our Board has adopted and is recommending that our stockholders approve amendments to our Certificate of Incorporation, to effect a reverse stock split of our common stock at a ratio ranging from any whole number between 1-for-10 and 1-for-50, with the exact ratio within such range to be determined by the Board in its discretion, subject to the Board's authority to determine when to file the amendment and to abandon the other amendments notwithstanding prior stockholder approval of such amendments.' Confident Investing Starts Here:

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store