Jeff Bezos’ Ex-Wife MacKenzie Scott's $100 Million Donation Helped Wipe Out $40 Billion in Medical Debt—Here’s How Her Strategy Works

Jeff Bezos’ ex-wife MacKenzie Scott's $100 million donation helped wipe out $40 billion in medical debt—here’s how her strategy works

Jeff Bezos ex-wife MacKenzie Scott's remarkable contributions have enabled Undue Medical Debt to eliminate billions in medical debt. This nonprofit efficiently purchases debt for mere pennies, allowing every ten dollars donated to wipe out around a thousand dollars in obligations. While other affluent philanthropists have embraced this model, sustainable solutions will require deeper systemic changes to address the root causes of medical debt ef…

🚑 261,000 Americans have their medical debt erased thanks to nonprofit

A total of $550 million in medical debt has been paid off through a donation.Every $10 donated removes an average of $1,000 in debt.The organization behind the effort has erased more than $40 billion in all 50 states so far.The effort is led by the nonprofit organization Undue Medical Debt. It acquires medical debt in bulk from hospitals, physician groups and collection agencies. The debt is purchased for a fraction of the original amount and th…