If you propose that people pay back even 0 interest loans on hospital bills for hundreds of thousands of dollars, there will be a revolution. People are freaking out about $5000 deductibles. Where do you see them accepting the equivalent of a house payment for the rest of their lives?
One thing we need to do is separate physician and hospital bills (which ironically are now more related than ever in modern hospital accounting systems).
No one is filing bankruptcy because of office visits.
It’s the 10 day ICU stays that destroy finances.
And why is that?
Attorneys.