MN Healthcare Organization Sued by Attorney General for Charging Exorbitant Interest on Medical Debts

[This article posted on January 22, 2009. It is posted within the following categories: Corporate, via Michael Douglas, MD, MBA.]

It’s tough in these economic times for everyone in every sector of the economy — including healthcare. With some patients having trouble accessing medical services for a whole host of reasons, medical debt is a sad and frustrating by-product made worse by economic uncertainty. For Minneapolis-based healthacare organization Allina, the state of Minnesota is making sure that the patient-as-consumer is not getting financially squeezed more than is legally possible. The healthcare provider is being sued by the state’s attorney general for allegedly charging higher interest rates to consumers on their unpaid medical debt; rates approximate 18 per cent. The patient essentially is being charged credit card rates on his or her medical bills. Coming soon — hospitalizations on the Visa card? | LINK

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