More unintended consequences. For doctors who offer payment plans for patients who can’t afford to pay up front, a new regulation by the government. It’s designed to “fix” problems, don’t you know:
Our new ad below. Learn more at StopTheCFPA.com.
“Of course I allow my patients to pay in installments. They couldn’t afford orthodontics otherwise. Does that make me a financial company?”
Legislation that has passed the House and is pending in the Senate would create a new regulatory agency with the power to regulate a small business that allows its customers to pay in more than four installments or applies late fees –Senate Bill § 1027(a)(2)(B)(iii)– This is the wrong way to fix financial regulation and the wrong way to protect consumers. Let’s get it right by working together on a commonsense solution without creating a new $410 million big government bureaucracy with powers to regulate businesses that had nothing to do with the financial crisis.
Has a group ever more richly deserved this irony? From NRO:
In a new report, the Congressional Research Service says the law may have significant unintended consequences for the “personal health insurance coverage” of senators, representatives and their staff members. For example, it says, the law may “remove members of Congress and Congressional staff” from their current coverage, in the Federal Employees Health Benefits Program, before any alternatives are available. The confusion raises the inevitable question: If they did not know exactly what they were doing to themselves, did lawmakers who wrote and passed the bill fully grasp the details of how it would influence the lives of other Americans?
Does indeed beg the question.
This health care bill is going to be a noose around the necks of Democrats.