Sanders, Warren, and Others Raise Alarm Over Rise of Medical Credit Cards

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Sanders, Warren, and Others Raise Alarm Over Rise of Medical Credit Cards
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More than 100 million people are saddled with medical debt in the U.S., collectively owing upwards of $200 billion.

Dantona, 31, was diagnosed with blood cancer while in college. The cancer went into remission, but when Dantona changed health plans, she was hit with thousands of dollars of medical bills because one of her primary providers was out of network.

“The cards may also adversely impact consumers’ credit reports because of the way they are treated by credit reporting agencies: the agencies recently agreed to remove 70% of medical debt from credit reports, but these changes will not benefit medical credit card holders because their debt is considered credit card debt and as such is ‘viewed less favorably by the bureaus,'” the lawmakers wrote.

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