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In accordance with the Fair Credit Reporting Act, under medFICO a few entities will be subject to new "definitions".
Healthcare Analytics will be a "consumer reporting agency", just like Equifax, Experian and TransUnion.
Doctors and hospitals will be furnishers of data.
These new participants in the credit industry will have to comply with FCRA, but by and large they don't have a lot of knowledge or experience in this realm.
If they don't comply, and I suspect many won't, expect a line at the Federal District courthouse.
Some of us who are knowledgeable about credit could end up profiting from medFICO failings.
I suspect the courts are going to be the consumer's only ally as I ain't expecting much outta Congress on this one.
Posted Jan 30 2008 8:49PM CET
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Username withheld
, Washington |
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Robert,
Methinks that "this kind of crap", i.e., more and more power-and-money seeking by corrupt corporate heads, has got to stop on many, many fronts. Millions of illegal immigrants and chronic welfare recipients are running our nation's hospitals into financial ruin, causing them to close their doors to patients who have earned the right to go to the ER in our hospitals by only going when they really have to. That is, when there isn't any other medical office/facility open when they really need it.
Jan Jackson
Colorado HOA News
Posted Jan 11 2008 5:10AM CET
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Jan Jackson
Florissant, Colorado |
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Return to 'The 2007 "Gordon Gecko Prize For Greed"' |
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