New Report Warns of Medical Credit Cards, Loans Pushed on Patients
As medical debt continues to saddle many Americans, the Consumer Financial Protection Bureau (CFPB) is warning against costly medical credit cards and loans that are being pushed on patients. These products can cause patients to pay “significantly more than they would otherwise pay,” the CFPB detailed in a new report. Medical providers can offer alternative […]
Medical Debt Collectors Added to Wrongful Billing Lawsuit
Two medical debt collection agencies have been added to a Washington state lawsuit against 14 associated hospitals over alleged violations of consumer protection laws related to financial assistance practices, the state’s attorney general announced. The lawsuit, initially filed in February, mainly targets the Providence healthcare system, which operates dozens of hospitals in Washington and other […]
‘The Shame, The Embarrassment, The Soul-Crushing Debt’: What We Heard This Week
“The shame, the embarrassment, the soul-crushing debt, trying and trying — it’s just like, what more do you have left to give?” — Mahad Minhas, MD, a resident physician at the University of Michigan in Ann Arbor, describing the despair some students experience when they don’t match to a residency program. “That’s a double win […]