“Dentists, doctors & patients”
May 6, 2010 | alternatives, federal legislation, industry | Comments (0)Senator Jim DeMint (R-S.C.) has a good article up at Big Government:
But the Democrats in Washington are clamping down on health care payment plans with the banking bill. As the bill is currently written, health care providers, or any other business that allows customers to make payments in more than four installments or assesses any kind of late fees, will be treated under the same terms as AIG, Freddie Mac and Goldman Sachs. A new Consumer Financial Protection Agency, housed in the Federal Reserve, will regulate their transactions and could subject them to further regulatory burden.
The banking regulation bill was supposed to crack down on Wall Street, but it’s just another power grab that’s going to hurt Main Street doctors, dentists and small-town businesses. And, certainly the families who struggle to find ways to pay for their doctor bills.
For many Americans who cannot go without a certain procedure, this bill will simply eliminate an affordable payment option and force those same individuals to put their bills on credit cards with high interest rates.
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