πΈ MacKenzie Scott wiped out $40B in medical debt
MacKenzie Scott, Jeff Bezos' ex-wife, pioneered large-scale medical debt relief through her donations. Through Undue Medical Debt, she helped abolish over $40 billion in medical debt across all 50 states. This effort has been ongoing since 2020, backed by gifts exceeding $100 million. The model works by acquiring uncollectible patient debt portfolios at steep discounts. While effective, critics note this voluntary giving contrasts with stalled federal policy reform.