Curses or Cures: State Regulations, Hospital Creditors, and the ARM Industry
Source: Kaulkin Ginsberg
With less than a year until the 2008 presidential election, polls show that healthcare has become the most pressing domestic concern for many Americans. Consumers' rising out-of-pocket healthcare expenses and the more than 40 million uninsured citizens in the United States almost certainly have contributed to predictions that for-profit hospitals' bad debt expense could grow to $12.5 billion in 2007. Although federal legislation such as the embattled SCHIP expansion bill receives much of the national media attention, several states have enacted laws in 2007 that directly impact how hospital creditors and their partners in the Accounts Receivable Management (ARM) industry collect delinquent medical debt.