Why $550 Million Medical Debt only Cost $5.5 Million

A couple weeks ago, the CEO of Snap was all over the news in the US because he and his wife made a large donation. The weird part about it was that every news outlet that covered it had an acrobatic title where they didn't specifically say how much they donated, yet insisted on that $550 Million amount. When you read the article a bit deeper, you can do the math. They donated one hundredth of that…