Is it legal for physicians to charge interest on past due bills?

Question

Suppose the fee is outrageous and they are unwilling to budge. They are claiming that they can't legally accept a lower payment,, not sure of the details but it sounds like a bunch of bull. Now they want to start tacking on interest at 18%.

Answer 1

Yes, it is legal.  Better work something out before they send it to collections.

Answer 2

When you don't pay your bills on time it turns business's  into banks and they are within their rights to charge 1.5% per month or 18% a year on past due accounts.

Answer 3

if they have set themselves up as a lender it is. If not then no way in the U.S.