N.Y. Senator Adds Voice To Concern About Credit Cards, Echoing Cuomo’s Health Credit Probe
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 is part of the KHN Morning Briefing, a summary of health policy coverage from major news organizations. Sign up for an email subscription.