Some Hospitals Will Now Offer Patients Interest-Free Loans | NBC Nightly News


INTEREST FREE LOANS TO
PAY BVER TIME.
JO LING KENT HAS DETAILS.
>>Reporter: DAVID
RAYMOND WAS WORKING OUT WHEN HE DISCOVERED
A LARGE LUMP ON HIS
NECK. >>IT WAS ABOUT THE
SIZE OF A GOLF BALL
SITTING HERE ON THE SIDE OF MY NECK.
>>Reporter: AFTER
SURGERY TO REMOVE THE BENIGN GROWTH CAME
ANOTHER SURPRISE, A
$2800 BILL. NOT COVERED BY THE
FAMILY’S INSURANCE.
>>IT WAS KIND OF A SHOCK.
IT JUST FILLS YOU UP
AND YOU FEEL HELPLESS. >>Reporter: 77% OF
AMERICANS CANNOT
AFFORD AN UNEXPECTED MEDICAL BILL OF
$2,000, AND WITH THE
AVERAGE ANNUAL OUT-OF-POCKET COST OF
MORE THAN 75%, NOW
HOSPITALS ARE JUMPING IN.
PARTNERING WITH BANKS
TO LEND MONEY DIRECTLY TO PATIENTS WITH NO OR
LOW INTEREST.
THE GOAL, HOSPITALS ARE MORE LIKELY TO GET
PAID FOR PROCEDURES,
WHILE PATIENTS GET MORE AFFORDABLE
PAYMENT OPTIONS.
INSTEAD OF PUTTING IT ON A HIGH INTEREST
CREDIT CARD OR GOING
TO A BANK, THE RAYMONDS GOT A 0% LOAN
FOR 36 MONTHS ON THE
PHONE. HOW MUCH DO YOU END UP
PAYING IN INTEREST AND
FEES? >>ABSOLUTELY NOTHING.
ZERO.
INSTEAD OF PAYING $2800, YOU KNOW, RIGHT
OFF THE BAT, IT BREAKS
DOWN TO $80 A MONTH. >>Reporter: BEFORE
YOU TAKE OUT A
HOSPITAL LOAN, PATIENT ADVOCATES SAY EXPLORE
ALL OPTIONS.
>>WHILE THAT ZERO INTEREST MIGHT SEEM
VERY ATTRACTIVE, IT’S
NOT A SUBSTITUTE FOR FIGURING OUT WHAT YOU
CAN AFFORD.
>>Reporter: FIRST, TRY NEGOTIATING DOWN
THE BILL WITH THE
INSURANCE COMPANY. IF YOU DO GET A LOAN,
READ THE FINE PRINT
MISSING PAYMENTS COULD RESULT IN FINES,
PENALTIES AND DAMAGE
TO YOUR CREDIT SCORE. FOR THE RAYMONDS, THE
HOSPITAL LOAN MADE
FINANCIAL SENSE. >>WE CAN TRULY FOCUS
ON BEING A HEALTHY AND
BEING TOGETHER. >>Reporter: AND ON
LIFE’S SWEETER

2 comments on “Some Hospitals Will Now Offer Patients Interest-Free Loans | NBC Nightly News”

  1. Brandon Burr says:

    suckers if you into that!!!

  2. agkuramedia says:

    Why do you need to tell me to subscribe at the end of every video?  Lester is annoying.  Chuck is annoying.  It adds at least 15 seconds to the clips which forces me to have interact with my device to move to my next clip.  None of the other major networks do this.  There's a reason NBC is last on my search for news clips.

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