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WorldTimes of IndiaAugust 14, 2026

MacKenzie Scott helped abolish $40B in medical debt; how mechanics work

MacKenzie Scott's donations have enabled medical debt abolition across America. Her model allows acquiring debt at low costs and then forgiving it. This approach has inspired other billionaires to contribute millions to similar causes. While philanthropic efforts are scaling, policy reforms for medical debt remain stalled. Scott's work highlights immediate relief possibilities and the need for systemic change.

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