Connecticut Debates Safer Medical Credit Cards
Hartford News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Connecticut lawmakers are considering a bill to safeguard patients from high-interest medical credit cards, like CareCredit. These cards allow patients to finance out-of-pocket health costs, but they come with the risk of deferred interest rates skyrocketing to around thirty-three percent. Providers argue these cards help cover insurance gaps, while critics label them predatory and liken them to loan sharking. The bill aims to protect patients from pressure in vulnerable moments, keeping cards legal but safer.
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