'Banks have identified medical credit cards as a lucrative opportunity to profit off of the worsening crisis of patients who are unable to afford their medical care,' write SenWarren, SenSanders, SenMarkey, ChrisMurphyCT, and SenSherrodBrown.
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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