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  • Save Yourself from Your Desk Job – Part II August 22, 2014
    By Sue Redmond Studies have now shown that the “couch potato” lifestyle, and even a desk job where you are sitting for long periods of time, can heighten your risk of certain diseases and even age you faster. Joan Vernikos …
  • Want to Get Lean and Fit? Don’t Do Cardio August 20, 2014
    Want to Get Lean and Fit? Then Don’t Do Traditional “Cardio” Exercise by Lee Kurisko, MD For many, this is heresy but I believe that it is true. Have you ever noticed the people frequenting the ellipticals and treadmills at …
  • The Ebola Virus: Global Threat or False Alarm? August 18, 2014
    by Adrienne Snavely The Ebola virus was discovered in 1976 near the Ebola River, in what is now Congo. All 25 outbreaks of human illness or death have occurred thus far in Africa. In rural areas, people live close to …
  • Save Yourself From Your Desk Job! August 15, 2014
    by Sue Redmond Everyone knows that the couch potato “lifestyle” is unhealthy. You come home from a hard day at work and park yourself in front of the TV. Recent studies have found your desk job may be just as …
  • Thyroid Health & Testing August 13, 2014
    Women are more likely than men to develop thyroid disorders. Thyroid disorders that can affect women include: Hyperthyroidism Hypothyroidism Thyroid nodules Thyroiditis Thyroid cancer Goiter The most common disorders are hyper- and hypo-thyroidism. Symptoms of hyperthyroid Weight loss, even if …
  • Canadian Consumer Tax Index 2014 August 12, 2014
    Canadian families spend more money on taxes than on food, clothing, and shelter combined.The Fraser Institute’s Canadian Consumer Tax Index tracks the total tax bill of the average Canadian family from 1961 to 2013 by adding up the various taxes …

One Million Saved

MediBid Proves that the Free Market Works for Health Care

Over $1million saved in 2011.

-    MediBid.com, sometimes referred to as the “Travelocity” of healthcare, where patients place a medical request online, one time.  The needs-matching search engine targets doctors, and hospitals registered with MediBid who then bid on the case. The opportunity to shop across state lines and borders for medical care, can save patients up to 80%, all because a procedure that might be done in a hospital in one state, can be done in a doctors office in another.

-    MediBid users include the uninsured, those with high deductible health plans, Canadians on a medical waiting lists, employers who have an element of self-funding, and faith based cost sharing entities

-    The current healthcare system is dominated by third party payers who reimburse on prices set by the centers for Medicare and Medicaid services (CMS), and the American Medical Association (AMA). Prices are fixed on some 14,000 procedures, which works to prevent transparency and competition. MediBid changes this paradigm by offering complete transparency, and allowing doctors to compete across state lines.

-    A full knee replacement, which is billed at a rate of $50,000 or more can usually qualify for an insurance discount reducing the cost to $25,000. This same procedure can be done through MediBid at a cost of $10,000 in a US facility, or as low as $7,500 overseas. By allowing doctors in the US to compete on an equal playing field with overseas providers, the patient wins. MediBid harnesses the power of Domestic Medical Tourism.

-    The high overhead cost of malpractice, administration and billing insurance companies is reduced by as much as 85% for doctors and hospitals using MediBid, and these savings are passed on to patients.

-    Most commercially available health plans increase costs and increase usage and will be made worse by the Affordable Care Act of 2010, with its extra taxes on durable medical equipment, its reduced deductibles, and its medical loss ratio requirements. MediBid has proven that sustainable costs can be attained through free market for medicine, which includes price transparency and competition. In fact MediBid doctors, usually offer MediBid patients prices sometimes 50% lower than insurance discounted prices.

Since MediBid first opened its doors to patients on Jan 1, 2010, it’s saved patients $1,011,533.30, or 80.57%.

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