Many hospitals, doctors offer cash discount for medical bills

Most people do not know that hospitals and physicians offer deep discounts if you are a cash-paying patient.  They don’t know paying cash is even an option.  By paying your doctor or hospital directly for a treatment or procedure, there are no insurance company restrictions or stacks of paperwork for the doctor’s staff.  Some gas stations have been doing this for years, offering a lower price for those who pay cash rather than debit or credit at the pump.  Consider a “convenience fee” is included by using insurance.  People who use insurance regularly think that they are paying less, but that is not adding in all the monthly premiums they pay in that cash-paying patients are not. 

MediBid has taken a lot of time to find doctors who are “cash friendly”, and we allow them to compete for your business. With MediBid, you simply look at the price and the quality, and make a decision.

For example, if you have a drug card, you can get most prescriptions for generic drugs for $10. If you don’t have insurance, you can get most of the same prescriptions at Wal-Mart for $4. Ever wonder where the extra $6 goes to?

Many hospitals, doctors offer cash discount for medical bills

The lowest price is usually available only if patients don’t use their health insurance. In one case, blood tests that cost an insured patient $415 would have been $95 in cash.

By Chad Terhune     May 27, 2012, 5:00 a.m.

A Long Beach hospital charged Jo Ann Snyder $6,707 for a CT scan of her abdomen and pelvis after colon surgery. But because she had health insurance with Blue Shield of California, her share was much less: $2,336.

Then Snyder tripped across one of the little-known secrets of healthcare: If she hadn’t used her insurance, her bill would have been even lower, just $1,054.

“I couldn’t believe it,” said Snyder, a 57-year-old hair salon manager. “I was really upset that I got charged so much and Blue Shield allowed that. You expect them to work harder for you and negotiate a better deal.”

To read the full article: Click Here

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Posted in Cost of Health Care, Economics, Free market medicine, Health Care News, Hospital Bills, Insurance, Medical Tourism Tagged , , , , , , , , |

How Employer-Sponsored Insurance Drives Up Health Costs

Employer-sponsored healthcare usually drives up costs, but it doesn’t have to if set up properly. Since employer-sponsored healthcare for smaller companies usually covers contraception, wigs, alcohol counseling etc, and health plans usually pay out between 80 and 85 cents on the dollar, your money is not paying out as efficiently as it should. Also, health plans which lack transparency and pay any “provider” regardless of how much they charge is very wasteful. Properly empowered and educated patients have FAR more bargaining power than third party payers.

How Employer-Sponsored Insurance Drives Up Health Costs

A new study in Health Affairs is attracting attention for its depiction of how powerful hospitals are extracting “steep payment increases” from insurers. But what the study really tells us is how much the exceptional cost of American health insurance is caused by our system’s original sin: the fact that, due to a quirk in the federal tax code, most of us don’t buy insurance for ourselves, but instead have it bought on our behalf by our employers.

“In the constant attention paid to what drives health costs,” the authors begin, “only recently has scrutiny been applied to the power that some health care providers, particularly dominant hospital systems, wield to negotiate higher payment rates from insurers.” If you’re a regular reader of The Apothecary, you know from where some of that scrutiny has come. And hence, you won’t be surprised to learn that the Health Affairs study does indeed find that powerful hospital systems have the power to dictate prices to insurers.

To read the full article: Click Here

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Posted in Cost of Health Care, Economics, Free market medicine, Health Care News, Insurance Tagged , , , , |

Putting the ‘Insurance’ Back in Health Insurance

Insurance was not invented to cover small, everyday expenses like office visits or medications.  Does car insurance cover oil changes?  No.  Insurance is for high-cost items such as a car accident or house fire.  No one buys their homeowner’s insurance hoping to use it.  True medical insurance covers catastrophic costs from serious injury or illness.  People have been submerged in this culture of pre-paid health care for so long that they don’t know that there are other options, ones that result in people being smart with their purchases because they are using their own money.

Putting the ‘Insurance’ Back in Health Insurance

We understand that it would make no sense to buy auto insurance after we’ve already crashed our car. We appreciate that it would be strange to buy homeowner’s insurance after our house has already burned down. And yet, when it comes to health coverage, many of us think that it makes perfect sense to wait until we’re sick to buy health insurance. If we really want to make health insurance affordable and accessible to everyone, we need to go back to basics, and understand all of the government-induced distortions that have made health insurance look nothing like actual insurance.

The point of insurance, of course, is to pool the risks of a group of people as a mechanism for protecting against uncertain financial loss. If 100 people pool their risks together and the home of one of them burns down costing $100,000, each person ends up paying around $1,000: a hundred thousand divided by 100, plus the overhead costs associated with administering the scheme.

But there’s a twist.  Click Here to read the full article.

 

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Posted in Common Sense Health Care Solutions, Cost of Health Care, Economics, Free market medicine, Health Care News, Insurance Tagged , , , |

Just Who Should Control Your Healthcare Spending?

We have freedom to select whatever car, clothes, food, and homes we want.  Why can’t we choose what medical care we want?  Some people say that a free market in healthcare cannot exist as it is too complicated of a system.  This is far from the truth.  Medical care is a product we purchase, just like any other good or service. 

Most of American society does not understand that insurance was created for catastrophic injuries and major surgeries, not for office visits or medication.  When people are using their own money to make purchases, rather than spending other people’s money and not knowing the cost(pre-paid healthcare insurance), they will make smarter choices. MediBid allows people to comparison shop for their medical care, selecting the price and physician they wish. 

Just Who Should Control Your Healthcare Spending?

 

By Paul Hsieh, MD

What simple health care reform has reduced medical costs by up to 30%, while preserving quality of care? Hint: It’s not government price controls or mandatory health insurance. Rather, it’s letting patients decide how to spend their own health care dollars.

The RAND Corporation recently published a study of 360,000 families who used Health Savings Accounts (HSAs) to control their own spending on routine medical expenses. These HSAs were coupled with high-deductible insurance to cover unlikely-but-expensive serious accidents and illnesses.

According to health economist John Goodman: “Not only did spending go down by as much as 30 percent, there was no noticeable decrease in quality and no discernible difference in outcomes among various income groups.” Nor did patients with chronic conditions such as diabetes skimp on preventive care relative to healthier patients. The study authors estimate that widespread adoption of HSAs could reduce overall health costs by as much as $57 billion. Health economist Greg Scandlen thinks it could be much more.

This makes perfect sense. People are much more careful shoppers when their own money is on the line.

To read the full article:  Click Here

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Posted in Common Sense Health Care Solutions, Cost of Health Care, Economics, Free market medicine, Health Care Reform, Health Law and Legislation, Insurance, Obamacare Tagged , , , , , , , |

ObamaCare and the Road to Serfdom – Dr. Lee Hieb

Orthopedic Surgeon and AAPS Past-President Lee Hieb, MD explains to John Stossel why restoring a free market in U.S. medical care will increase access to care, lower costs and improve quality.  Government involvement in health care hurts patients.

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Posted in Cost of Health Care, Free market medicine, Health Care News, Health Law and Legislation, Obamacare Tagged , , , , , , |

Explaining Obamacare Part 1: Coverage

Practicing physician Dr. Jill Vecchio gives a non-partisan, thorough explanation of Obamacare and what it means to all Americans.

7 segments:
1) Who will be covered
2) and 3) What are the costs
4) State Exchanges and Employers
5) Doctors and Patients
6) Constitutional issues
7) Ideas for Real Healthcare Reform

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Posted in Health Care News, Health Law and Legislation, Obamacare Tagged , , , |

The Path to Patient-Centered Care

Paying cash for your medical care is “taking a different path” in today’s world of Big Insurance.  Many people, even US Supreme Court Justices, think that you MUST have insurance in order to receive care. 

This is a story of a Canadian who wanted a certain procedure and was willing to go out-of-network and pay cash to get it.  In the land of single-payer health care, even private clinics in Canada are popping up.  They are finding out that paying cash to be able to select their own physician and treatments creates competition.  Canada is seeing the light as the US is heading into the darkness.

Many Canadians looking for timely, affordable medical care come to the US for treatment.  They use MediBid to find the procedures and treatments they require without the hassle of insurance or waiting lists getting in their way.

The Path to Patient-Centred Care

The Saskatchewan Ministry of Health website has a diagram showing the ten steps patients take on their path through diagnostic imaging in the public health care system. I decided to take a different path.

During an appointment with my family doctor I told her that I was willing and able to leave the province to access a diagnostic tool called a Magnetic Resonance Imaging (MRI) scan. I found a private clinic in Vancouver, British Columbia, where I could pay directly for the scan. My doctor wrote a referral and the clinic scheduled my appointment within a couple of days. I received an electronic copy of the scan before I left the clinic and the results of the scan were emailed to my doctor and me two days after my appointment.

Here’s why I didn’t choose the public health care route:

To read the full article:  Click Here!

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Posted in Canadian Healthcare, Economics, Free market medicine, Medical Tourism, Medical Travel Tagged , , , , , , , , , , |

Hyperbaric treatment for near drowning patients

Hyperbaric treatment, applying concentrated oxygen under pressure, has shown to be highly effective at helping various brain/nerve injuries, including stroke and multiple sclerosis.  Dr. Carol Henricks has a large, walk-in chamber at her neurology clinic in Tucson.  She has helped soldiers from across the country who have received head trauma restore some mobility to their limbs and coherence in their minds.  She has helped children and seniors improve tremendously as well.  To make a request for hyperbaric treatment, Click Here!

Hyperbaric treatment for near drowning patients

TUCSON – We’ve told you how life changing a near drowning can be. When a child nearly drowns, there’s been a lack of oxygen to the brain that often creates life-long cognitive and developmental problems… requiring special treatments. It happened to Ryan Thomas.

“Those 2 boys climbed over a six foot brick wall in the neighbor’s yard where there was a pool. And we don’t think they fell in,” his mom Angie explains. “We think they jumped in.”

The accident happened in January 2007 in Sierra Vista. Ryan was almost three.  He and a buddy were found floating unconscious.  Both boys were injured but Ryan was the worst off.  He spent 10 weeks in a Tucson hospital.

To read the full article:  Click Here

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Posted in Health Care Innovation, Health Care News, Medical Tourism Tagged , , , , |

The price of an appendix removal? Study shows huge sticker shock

This is an example of how cloudy the waters of the medical market are.  It is not a true free market because of the lack of definition.  If there was transparency in pricing for medical procedures, a true free market would create competition between physicians and make prices more reasonable.

At MediBid, the free market lives!  With transparent pricing and direct contact with physicians, patients can “shop” for the physician of their choice and can choose one without the fear of “sticker shock” after the procedure.

The price of an appendix removal? Study shows huge sticker shock

shocked at medical bill

April 24, 2012 12:00 am     By Lindsey Tanner / The Associated Press

CHICAGO — What do hospitals charge to remove an appendix? The startling answer is that it could be the same as the price of a refrigerator — or a house.

It’s a common, straightforward operation, so you might expect charges to be similar no matter where the surgery takes place. Yet a California study found huge disparities in patients’ bills — $1,500 to $180,000, with an average of $33,000. The researchers and other experts say the results aren’t unique to California and illustrate a broken system.

To read the full article: Click Here

 

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Posted in Economics, Free market medicine, Health Care News, Health Law and Legislation, Hospital Bills, Insurance, Medical Tourism, Obamacare Tagged , , , , , , |

What is Mohs Micrographic Surgery?

By Dr. Drew Claudel, a registered dermatologist on MediBid.com

mohs micrographic surgery

It may have a funny sounding name, but Mohs micrographic surgery is
currently the most precise and successful form of treatment for basal cell
and squamous cell carcinomas (by far the most common skin cancers).
Developed by Dr. Frederic Mohs in the 1930′s, the technique has gained
substantial use and popularity over the last several decades due to its
impressive track record. It offers cure rates of 98-99% for primary
(previously untreated) tumors, and up to an astonishing 96% for recurrent
tumors which have failed treatment with other methods. This is impressive
for a technique that was barely known about and even aroused outrage in
the medical community as little as 50 years ago when first announced as a
skin cancer cure.

Mohs micrographic surgery allows even the most difficult and high risk skin
cancers to be treated safely and cost effectively in the office setting. After a
numbing shot, the cancer is removed piece by piece and examined under the
microscope with the aid of a detailed map or drawing of the color coded
specimen (thus the term “micro graphic”) until all margins are clear while at
the same time steering clear of healthy (uninvolved) skin. This not only leads
to a quick and highly effective cure of the cancer, but it also preserves surrounding healthy skin and tissue. This is a very important and valuable aspect of Mohs surgery, as most skin cancers unfortunately involve the delicate areas of the face such as the nose, ears, eyelids, and lips. These are the areas that receive the highest concentration of UV (ultraviolet) radiation, the biggest risk factor for skin cancer.

Of course, other treatments can and should be used to treat skin cancer as well. These include some quicker and less costly older forms of treatment such as curettage and electrodesiccation (“scrape and burn”) and standard (or simple) excision. There is also an ever increasing selection of newer, although slightly more expensive, non-surgical options. These include topical chemotherapy creams and gels, as well as light-based anti-cancer treatments usually done in an office setting using lasers and visible light systems (photodynamic therapy or “PDT”). However, none of these treatments offer cure rates as good as Mohs micrographic surgery and should not be used for “high risk” tumors. These are cancers even more likely to recur and include some aggressive subtypes of basal and squamous cell carcinomas, cancers on certain locations of the face and body, cancers that have already recurred, and cancers in immunosuppressed individuals. An evaluation by your friendly Dermatologist, and possibly a biopsy will determine the best form of treatment for you.

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Posted in Health (taking care of yourself), Health Care Innovation, Health Care News Tagged , , |
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