NEW YORK (Reuters) - New York's attorney general said on Wednesday he has opened a probe into possible predatory lending and kickbacks in the healthcare industry.
Attorney General Andrew Cuomo said he has issued subpoenas to General Electric Co's GE Money finance unit, which issues the CareCredit healthcare credit card, and to 10 healthcare providers in the state.
Cuomo's office said it also sent subpoenas to Citigroup Inc , JPMorgan Chase & Co and Visa Inc units that also offer healthcare services.
The attorney general said he is examining whether healthcare lending practices are driving seniors and lower-income patients deeper into debt.
Cuomo said some providers have pressured consumers into using the CareCredit card through "fast-talking sales pitches and deceit," and that CareCredit often pays kickbacks to those providers based on how much business is charged.
Read on.
No comments:
Post a Comment