Snap founder Evan Spiegel is following the Scott modelThe unique way of abolishing medical debtSnap co-founder Evan Spiegel and his wife, supermodel Miranda Kerr, recently made a multimillion-dollar donation that will wipe out $550 million in medical debt for over 261,000 Californians. Interestingly, this sophisticated philanthropic model was pioneered by MacKenzie Scott, Jeff Bezos ex-wife, who has donated more than $26 billion to over 2,700 non-profit organisations through her platform, Yield Giving. Undue Medical Debt enters this market as a bulk buyer, acquiring these portfolios at the same steep discounts. However, instead of trying to collect the money, the organisation permanently abolishes the debt.Starting in mid-July, eligible Californians began receiving letters informing them that their medical debt has been erased. The relief is targeted toward residents whose medical debt threatens access to essential care and economic stability.