Three federal agencies are seeking comments on the public’s experience with medical payment products, billing and collection practices in a bid to address possible consumer harms caused by these types of specialty credit products.
The Consumer Financial Protection Bureau (CFPB) has teamed up with the Treasury and the Department of Health and Human Services (HHS) to see whether healthcare providers are promoting financial products — like medical credit cards and loans — to pay for healthcare that raise patient debt and lead to higher consumer costs.
