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  • The Wasting of Taxpayer Money October 29, 2014
    by G. Keith Smith, MD If you are looking for proof of the fact that the wonderful folks in D.C. are more interested in lining the pockets of their pals than demonstrating good stewardship of the loot from the robbery …
  • Giving Birth in America is Most Expensive in the World October 27, 2014
    While a woman is preparing for giving birth, one worry she doesn’t want to have is about the cost of delivery. Insured women are finding that some policies do not cover maternity care, services that most often do not have …
  • Physicians are Not Medicine’s Top Earners October 24, 2014
    Physicians are the most highly trained members of the medical industry’s force, yet have median compensation.  The largest salaries go to the Medicrats who oversee the business of medicine. Insurance CEOs average $584,000 compared to surgeons ($306,000) or a general …
  • Health Benefits of Honey October 22, 2014
    Honey has been used as a natural sweetener long before sugar. Bees collect pollen from  plant to plant, which is passed along from bee to bee until it eventually is deposited into the honeycomb. They beat their wings to evaporate …
  • Rotten Food and the VA Hospital October 20, 2014
    by G. Keith Smith, MD Imagine for a moment that you own and operate a restaurant knowing that if you provide spoiled food and rotten service, you will subsequently make more money.  You openly employ strong-arm and intimidation tactics to …
  • Hospitals want patients to pay in advance October 17, 2014
    Hospitals are asking for payments from patients before they leave the facility so they don’t end up with unpaid bills. Knowing the costs before the procedure is important because insurance deductibles are increasing and so are procedure costs. Obamacare policies …
  • Massachusetts is First State To Require Health Care Price Tags October 15, 2014
    Massachusetts has started a new era of shopping for medical care. You can go to your health insurer’s website and find the price of everything you may require listed, from an office visit to a scan or procedure. For the …
  • Physicians Remove Government from Medical Equation October 13, 2014
    by Gerard Gianoli, MD Doctors in Nevada and across the country are protesting against the government’s intrusion into health care, but we aren’t voicing our concerns using bullhorns and pickets. Instead, many of the state’s 5,400 physicians are protesting silently …
  • Revolutionary Idea Could Change Medicine October 10, 2014
    For those of us who get woozy when having blood drawn for routine testing, a simple pin prick may be the blood test of the future. Elizabeth Holmes, the CEO and founder of Theranos, says that her company can run …
  • Why Accountable Care Organizations Are Failing October 8, 2014
    by Richard Amerling, MD Accountable Care Organizations (ACOs), a key piece of the Affordable Care Act (“ObamaCare”) “reform” plan, are failing because they must fail. ACOs are based on faulty assumptions, poor economics, and junk science. They would not exist …
  • Common Sense Travel Restrictions to Stop Ebola: Dr. Jane Orient October 7, 2014
    Dr. Orient appears on Cavuto – October 6, 2014
  • What Employers Can Do To Reduce The Cost Of Obamacare October 6, 2014
    The Obamacare mandate will be enforced on large employers in 2015 and small employers in 2016. Large companies who self-insure can have a plan that does not cover hospitalization, mental health care, or emergency room visits.  Small companies have to …
  • Ralph Weber Talks About Fixed Pricing – Video October 3, 2014
    You can ask the price of a procedure at a hospital, but may ask several different people before finally getting an answer. Listing set prices for procedures has lead to medical tourism. People will travel to get the price they …
  • Here’s The Thing #5 Fixed Pricing HD October 3, 2014
  • Economists Say Third-Party Payment Key to Increases in Medical Cost October 1, 2014
    The rapid increase in medical costs starting in the 1970s is commonly ascribed be market imperfections. However, federal and state governments have long suppressed the functioning of the market system in the medical industry, write Maureen Buff and Timothy Terrell, …
  • Health Insurance Exchanges Waste Taxpayer Money September 29, 2014
    Obamacare may surpass Cash for Clunkers to become the prime example of federal taxpayer resource mismanagement. For every dollar in premiums for exchange coverage, taxpayers paid 94 cents in subsidies to either enroll people or encourage them to do so. …
  • Mesothelioma: An avoidable cancer? September 26, 2014
    by Sue Redmond Did you know? Mesothelioma is an aggressive cancer that attacks the lining of the body cavity called the mesothelium (80% of which occur within the lining of the lungs). The only known cause to mesothelioma is exposure …
  • Government Healthcare is Breech of Contract September 24, 2014
    by G. Keith Smith, MD One of the smartest people I have ever met is a property and contracts lawyer, someone from whom I have gleaned countless and valuable insights over the years.  He has advised me, among other things, …
  • Dr. Alieta Eck Campaign Update September 24, 2014
    Dr. Eck http://EckForCongress.com speaks to colleagues at AAPS 71st annual meeting on September 5, 2014.
  • Is There A Provider In The House? September 22, 2014
    by Marilyn Singleton, MD, JD Physicians have a proud heritage. We can boast Dr. Benjamin Rush, a founding father, signer of the Declaration of Independence, Surgeon General of the Continental Army, and opponent of slavery. And Dr. James Derham, born …

Last Week Was Busy in Regard to Health Care Reform…Here are the Updates

legal, illegal, insurance, medical, healthcare Last week was busy in regard to Health Care Reform. Here are some of the updates:

On Monday, the Supreme Court agreed to hear a joint filing by 26 states, led by Florida, that challenges Obamacare. Five and a half hours of oral arguments are scheduled, and they will broach the subject of the constitutionality of the law’s key provision, the “individual mandate”, and whether the entire law with its 450 sections must be scrapped if it is proved to be unconstitutional. The justices also announced that they will also consider a challenge to what many consider an even more central provision of the statute, the extension of Medicaid to cover a greater number of the poor. Individual states provide part of  Medicaid’s funding, and they say the expansion amounts to an unconstitutional coercion of state governments. Joining Florida in the challenge are Alabama, Alaska, Arizona, Colorado, Georgia, Idaho, Indiana, Iowa, Kansas, Louisiana, Maine, Michigan, Mississippi, Nebraska, Nevada, North Dakota, Ohio, Pennsylvania, South Carolina, South Dakota, Texas, Utah, Washington, Wisconsin and Wyoming. Virginia and Oklahoma have filed separate challenges, along with other groups and individuals opposed to the law. Friday, the Supreme Court announced two veteran Washington, D.C., attorneys, H. Bartow Farr III and Robert Long will be arguing the health care case. Long, a partner at Covington & Burling, will argue that lawsuits challenging the insurance purchase requirement, a provision known as the individual mandate, are barred because the penalty has yet to be imposed. … Farr, a partner at Farr & Taranto, will argue that if government cannot require people to buy health insurance, all other provisions of the law can go into effect (Vicini, 11/18).

Last Wednesday, health care reform took a step in the right direction when the House unanimously voted 422-0 to undo the health care reform provision allowing some individuals of middle class status to qualify for Medicaid. This is the most substantial change to Obamacare since the repeal of 1099 reporting requirements, and it is fully supported by the Obama Administration.

The subject of Medicare’s physician payment system was also approach Wednesday when Rep. Allyson Schwartz (D-Pa.) sent the deficit-cutting supercommittee a detailed proposal to overhaul the current system. The proposal outlined a 2.5 percent annual bump in pay for generalists in hopes to attract more medical students to primary care, and for specialists, a flat payments in 2012 with an annual increase of 0.5 percent from 2013 through 2016. This bill was proposed to replace the currently scheduled 27.4% cut in Medicare reimbursements to be implemented on Jan 1st. This cut has been postponed by temporary patched for years, and Schwartz’s plan would save money in comparison to implementing another patch. Her plan also calls for reimbursement based on coordination and quality of care rather than the standard fee for service, and a gradual decrease in payments start with  2% in 2018, 3% in 2019, 4% in 2020 5% in 2021.

 An exemption for medical plans sold to Americans overseas was requested Wednesday by four health insurers led by Cigna Corp. (CI). If the request is denied, the insurers threaten to move the management of the plans to offshore locations, which would lead to the loss of about 1,100 U.S. jobs. Fifteen members of Congress signed a letter detailing this threat to Health and Human Services Secretary Kathleen Sebelius, and they ask for quick action to save the jobs, almost half of which would be at Cigna’s international unit in Claymont, Delaware.

 

 

 



At MediBid, we restore market forces to medical care. Doctors get to set their own rates based on their training, experience, and outcomes, and patients get to shop for medical care across state lines and international borders. Many times with MediBid, you will find procedures that are more effective than procedures allowed, or covered by health plans. Transparency and competition are the only way to achieve reasonable costs. Many of our employer clients offering group health insurance through MediBid save $5,000 per employee per year. Those are substantial savings. Patients are saving an average of 48% vs. insurance discounted rates, or 80% vs. retail. Contact us for more information.
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