Financial services reform bill could hurt practices

May 4, 2010
ADA and 22 other health-care provider groups ask Senate backers of financial services reform legislation to exclude their professions from oversight by proposed Consumer Financial Protection Agency.

WASHINGTON, D.C.--The American Dental Association and 22 other health-care provider groups have asked Senate backers of financial services reform legislation to exclude their professions from oversight by the proposed Consumer Financial Protection Agency.

The agency is part of the financial regulatory reform legislation currently under consideration in the Senate.

In a letter to lawmakers, the groups asked that the bill include language that clearly excludes health-care practitioners who regularly charge interest on outstanding bills or allow patients to pay in installments from the legislation.

Failing to explicitly exclude small health-care practices could, the groups said, lead to unnecessary costs and increased administrative burdens for practitioners without any benefit to their patients.

The joint letter to the senators is available upon request.

For more information about the ADA, visit the association's Web site at www.ada.org.

To read more about the ADA, go to www.dentistryiq.com/index/display/article-display/1576148286/articles/dentisryiq/clinical/specialities/oral-surgey/2010/04/Laser-technology-overview-for-general-dentists.html.

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