The hidden catch in ‘interest-free’ medical loans costing Americans billions

Many Americans are unaware that so-called "interest-free" medical loans come with hidden fees and penalties that can inflate the final bill by up to 30%. These credit cards often offer a grace period without interest, but if payments aren't made on time, the balance is hit with hefty late fees and other charges. This deceptive practice is costing individuals and families billions of dollars, highlighting a critical need for financial literacy and awareness regarding medical financing. Understanding these hidden costs is crucial for making informed decisions about healthcare expenses.