According to the settlement, Allina is required to credit patients who paid more than 8 percent on debts from Jan. 22, 2007, to Jan. 31, 2009.
Patients who still owe Allina money will see reductions in their debts, whereas patients who paid their debts will receive a credit on future medical services. Refunds will be the difference between the interest patients paid and 8 percent, according to the report.
Ms. Swanson sued Allina, saying that the high interest rates violated state usury laws that cap rates on debt at 8 percent. According to the report, Allina’s rates went as high as 18 percent.
Read Forbes.com’s report about Allina’s high interest rate settlement.
