# MacKenzie Scott donations erase $40 billion in medical debt 2026-08-14T16:44:18+00:00 | World & Diplomacy | Indian Opinion Desk Corroboration: 1 independent outlet Since 2020, MacKenzie Scott has donated over $100 million to Undue Medical Debt, enabling the nonprofit to abolish more than $40 billion in medical debt across all US states, as reported by Fortune. The model buys distressed debt portfolios at steep discounts, every $10 donated cancels about $1,000 in patient obligations. Her approach has inspired other billionaires, including Snap's Evan Spiegel, who erased $550 million in California bills. But critics note that philanthropic scale lags behind policy inaction. On July 11, 2025, a federal judge struck down a CFPB rule that would have removed medical debt from credit reports, and no federal cancellation legislation has advanced. ## Coverage - timesofindia.indiatimes.com Tags: CFPB, Jeff Bezos, Mackenzie Scott, Undue Medical Debt Canonical: https://indianopinion.org/mackenzie-scott-donations-erase-40-billion-in-medical-debt/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/mackenzie-scott-donations-erase-40-billion-in-medical-debt/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.