Insurers Team Up With Banks To Offer Medical Credit Lines

As insurers and banks begin to offer more medical credit options, consumer advocates worry that this will lead to increased incidence of medical bankruptcy. According to the East Bay Business Times, advocates are also concerned that low income individuals will be less likely to pursue other free or reduced cost health care options that they are eligible for if they have easy access to credit for medical care. Insurers and banks argue that they are providing a vital service to people who are facing increasing out-of-pocket health care costs.