Grants by SCAN Group and CareOregon to a charity that buys and forgives medical debt will erase $110 million in medical bills for almost 70,000 lower-income people across five states

Nearly 10% of adults carry medical debt worth a collective $195 million

What we are hoping to do is inspire the industry," Jain said. "We're modest-sized companies in a landscape of for-profit giants. We think that there are a number of other entities in healthcare that have the ability to do what we did, which is to purchase medical debt for pennies on the dollar and lower the burden that medical debt is imposing on people in communities all over America