The buy-and-cancel model's founding (2014)
Two former debt-collection executives, Craig Antico and Jerry Ashton, founded the nonprofit (then RIP Medical Debt) after Occupy Wall Street. Their early campaigns bought overdue medical bills at a steep discount and canceled them without collecting a cent.
Early campaigns made headlines and attracted donations to buy more debt.
By 2026 the nonprofit, renamed Undue Medical Debt, says it has erased more than $49 billion in medical debt for over 31 million people.
Kentucky hired the same nonprofit to run the same mechanism at state scale — buy debt cheap, cancel it, call it relief.
