American consumers are increasingly covering their medical costs through the use of credit card borrowing. Is this the alternative to universal health insurance?
Hospitals in Massachusetts are routinely asking patients to provide credit card information before they receive treatment.
And in states such as Texas and North Carolina, financial-services companies have joined with healthcare providers in an effort to promote the use of charge cards for medical expenses. For instance, Citibank's Citi Health Card is offered to patients through participating healthcare providers.
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