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The Times of India

Top News / The Times of India

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

MacKenzie Scott is leading the charge in medical debt relief, having made groundbreaking donations that freed over $40 billion for families burdened by this often overwhelming responsibility. Her innovative approach, which involves acquiring debt at minimal costs for cancellation, has inspired other billionaires to make similar contributions. Yet, the call for broader policy reform lingers, revealing the constraints of this philanthropic model.

14 Aug 2026 5:17 pm