Report: Credit cards are a huge risk for patients

July 2008
H&HN: Hospitals & Health Networks;Jul2008, Vol. 82 Issue 7, p128
Trade Publication
The article reports on the increasing role played by credit cards in covering medical costs. An article in the July 2008 issue of "Consumer Reports" asserts that some of the biggest names in the consumer credit business, including GE Money, Citigroup and Chase, are pushing risky credit for financing medical procedures and describes the new lending practices as akin to subprime mortgages. Credit card use could triple from about $45 billion to $150 billion in 2015.


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