Biden urged to tackle medical debt beyond credit cards - Roll Call While consumer groups have lauded Biden's investigation into medical credit cards, they want him to move quickly and more broadly. Roll Call · Jul 20, 2023
Medical credit cards may lead patients to overpay for their health care, Democrats warn A group of Democratic senators is asking the Consumer Financial Protection Bureau to take action against medical credit cards such as CareCredit, saying the cards’ deferred interest features are confusing and often lead to consumers paying high interest rates after a promotional period has ended The Independent UK · Jun 30, 2023
Biden administration warns consumers to avoid medical credit cards Americans paid an estimated $1 billion in interest on medical debt in just three years, a federal agency finds. This includes use of credit cards often pitched in doctors' and dentists' offices. WEKU · May 4, 2023
How banks and private equity cash in when patients can’t pay their medical bills Patients at North Carolina-based Atrium Health get what looks like an enticing pitch when they go to the nonprofit hospital system’s website: a payment plan from lender AccessOne. The plans offer “easy ways to make monthly payments” on medical bills, the website says. You don’t need good credit to get… Tribune News Service · Nov 18, 2022
How banks and hospitals are cashing in when patients can't pay for health care Some credit cards advertised by hospitals lure in patients with rosy promises of convenient, low-interest payments on big bills. But interest rates soar if you can't quickly pay off the loan. WEKU · Nov 17, 2022