Monday, Jul. 15, 1929
Collection Stunt
Selling health on the instalment plan was last fortnight suggested to the Chicago Medical Society. President-elect Dr. James H. Hutton suggested that, physicians, when they are called on a new case, estimate the total cost of treatment, have the patient sign notes for the expected bill. The notes would bear 6% interest charges and would fall due at regular intervals, like instalments on a motor or radio. The doctor would take the notes to a special financing corporation and get $35 for every $100 which his patient was to owe him. When the full bill was paid to the financing corporation the doctor would get $51.37 more, a total of $86.37 for each $100 of service. The corporation would keep $13.63 for its expenses and for a fund to pay off bad debts.