HB73

Kentucky HB73 limits interest on medical debt to 3% and requires health facilities to provide itemized statements to patients.

Kentucky HB73 sets a cap on interest rates for medical debt at three percent per annum. It mandates that health facilities provide itemized statements to patients upon request, detailing charges for services rendered. These statements must indicate if an assignment of benefits has been obtained. The bill also requires health facilities to explain charges and resolve discrepancies in reported charges. Failure to comply with these requirements may result in a civil fine of $500 per violation.