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Fresh Pain for the Uninsured: Hospitals Step Up Collection Efforts by Turning to Finance Firms
BusinessWeek via California Nurses Association 
[Opinion] Nov. 26, 2007 Excerpt: BusinessWeek's investigation of the fast-expanding medical-finance field has uncovered hazards, however. Many patients say they don't realize their debts are being shifted to such interest-charging middlemen as GE Money Bank, the unit that issues the CareCredit card.... The GE card typically comes with an introductory 0% interest rate, but after [Alice Diltz] didn't make her initial payment, the rate leapt to 26.99% on an annual basis. In August, 2006, GE Money Bank sued her in state court in Queens. MORE >> |
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