I figured I'd repost this link (assuming it's been posted before).
Can't pay your doctor? Charge it! NEW YORK (CNNMoney.com) -- As medical bills pile up, more Americans are paying their doctors with plastic.
Consumer advocates warn that this is a dangerous trend, but industry watchers see a multi-billion dollar opportunity for lenders to offer specialized "medical" credit cards.
"Out-of-pocket health care spending was already increasing in good times," said Bruce Carlson, publisher with health care market research firm Kalorama Information. "Now with high unemployment, consumers have to reach into their pockets even more to fund their health care."
Americans spend an estimated $294 billion on annual out-of-pocket medical costs annually, to cover everything from doctor's office co-payments to surgeries and prescription medications.
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More:
http://money.cnn.com/2009/07/09/news/economy/healthcare_medical_creditcards/index.htmEdited to add:Wonder how THIS will play into things? Are these credit cards also experiencing a credit freeze? What stake do the credit card companies have in the health care debate?
Please discuss amongst yourselves. :)
Q3JR4.
Craptastic isn't it?