If I am going to have breast augmentation then I will need to finance. With the current economic problems are doctors seeing more patients getting denied breast augmentation financing?
A panel of 11 plastic surgeons from different areas around the country answered her question: “are doctors seeing more patience getting denied
breast augmentation financingIs
?” One of the plastic surgeons is very much against the use of financing. His opinion is provided. The other 10 plastic surgeons tended to offer financing for their patience particularly care credit.
Are doctors seeing more patients getting denied breast augmentation financing?
Dr. Michael Law from Raleigh-Durham has this negative comment about financing.
“I am strongly against plastic surgery financing programs, and I have never offered them in my practice. Most, if not all, plastic surgery financing plans are not only a bad idea but also a bad deal for many patients (and, for that matter, for most doctors), in some ways that are easily apparent but in other ways that are not as obvious. The most obvious way in which these plans are unfavorable and therefore undesirable is their terms, which often are interest-free for as long as a year, but that revert to an interest rate comparable to a high interest rate credit card (i.e. an APR of 20% or more) if a patient misses or is late on a single payment.
A high interest rate is, in fact, almost a necessity for a credit product that finances a service instead of a tangible asset like a home or an automobile. A creditor can repossess a home or a car, but they can’t repossess your tummy tuck. So a high interest rate helps them hedge the risk of having no collateral.”
Dr. David Dreyfus of Chicago Illinois has this comment:
“We have continued to provide financing for our patients for Breast Augmentation and other procedures. In fact, we now have a 0 percent financing for 18 months available to our patients thru the end of the year. We have noticed a slight increase of denials, but overall our patients have been successful getting financing. Most offices have added new creative options to help their patients afford surgery.”
Please read the other comments by the other plastic surgeons
It seems that the current economic problems are affecting breast augmentation financing. There are fewer programs available at this time. Yet breast augmentation financing is available and is being offered by most plastic surgeons.
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