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‘They Deceived Me’: Agency Warns Americans Against Using Medical Credit Cards

‘They Deceived Me’: Agency Warns Americans Against Using Medical Credit Cards
Buildings at the University of Kansas Hospital in Kansas City, Kan., on March 9, 2020. Charlie Riedel/AP Photo
Naveen Athrappully
Naveen Athrappully
5/5/2023|Updated: 5/5/2023
0:00

The Consumer Financial Protection Bureau (CFPB) has issued a report detailing the risks faced by Americans who take on medical credit cards and financing plans, with some patients being signed up for such programs without consent.

People turn to medical credit cards or loans provided by their healthcare provider to meet surprise medical expenses in case they do not have sufficient cash, only have limited access to credit, or wish to get treatment quickly. In a hospital, patients are under stress and may extend their trust in the healthcare provider to the referred financial services company.

Naveen Athrappully
Naveen Athrappully
Author
Naveen Athrappully is a news reporter covering business and world events at The Epoch Times.
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Related Topics
hospital bills
medical credit cards
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