Sep 3 2010
MarketWatch: More warnings about credit cards - including those to pay for health care services - are coming from New York's elected officials. Sen. Charles Schumer sent a letter to the Federal Reserve noting a 256 percent leap in solicitations to consumers for professional and business credit cards. Schumer raises these concerns "on the heels of New York Attorney General Andrew Cuomo's launch of an industry-wide probe into predatory lending in the health-care realm. ... A health-care credit card allows you to charge procedures and treatments that your insurance company doesn't cover, such as chiropractic, cosmetic and dental procedures, infertility treatments and even veterinary services for Fluffy" (Waters, 9/2).
Earlier, related KHN story: Regulators Probe Allegations Of Fraud In Health Credit Cards (Andrews, 8/31)
This article was reprinted from khn.org with permission from the Henry J. Kaiser Family Foundation. Kaiser Health News, an editorially independent news service, is a program of the Kaiser Family Foundation, a nonpartisan health care policy research organization unaffiliated with Kaiser Permanente. |