Evan Spiegel and Miranda Kerr Just Erased $550 Million in Medical Debt for 261,000 Strangers in California

Image for article Evan Spiegel and Miranda Kerr Just Erased $550 Million in Medical Debt for 261,000 Strangers in California
News Source : Thoughtcatalog.com

News Summary

  • They did it through a donation to Undue Medical Debt, a nonprofit that buys large bundles of unpaid medical bills for pennies on the dollar and then forgives them.
  • Because the debt is purchased so cheaply, a single donation wipes out a face value many times larger.
  • The couple’s gift cleared about half a billion dollars in bills off the books.
A charitable gift from a celebrity couple is about to quietly wipe out the medical bills of hundreds of thousands of people across California and the recipients dont have to do anything to claim it.

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