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  • Free Markets are Destroyed by Congress, Not Created January 30, 2015
    By Jane M. Orient, M.D. When people clamor for Congress to pass a “free-market health plan,” they are forgetting two things: Congress only does laws, which restrict freedom. We need fewer laws, not more. And the free market is by …
  • Ralph Weber Talks MediCrats with FreedomWorks – Part 3 January 26, 2015
    MediBid is the free market answer to rising healthcare costs. Employer-sponsored plans, as well as self-insured individuals, make up most of MediBid’s customers. On MediBid, a patient makes a procedure request which gets sent out to physicians and facilities around …
  • Medical Debt Still a Problem for Those With Health Insurance January 23, 2015
    by Adrienne Snavely Medical debt can affect anyone of any age in any state in any income bracket. Medical debts account for more than half of debt collections on credit reports. One in three Americans struggle to pay medical bills, …
  • Q&A with Direct Pay Physicians January 22, 2015
    Direct pay physicians answer colleagues’ questions about third-party-free medical practice. From January 9, 2015, New Orleans AAPS workshop.
  • Ralph Weber Talks MediCrats with FreedomWorks – Part 2 January 21, 2015
    The pitfalls of Obamacare are that it makes healthcare affordable to the employee, yet unaffordable to dependents. Some plans cover children, but not spouses. This means less options for families. The independent physicians are being bought out by hospitals and …
  • Cash and out-of-network: good for medicine as free agency is for sports January 21, 2015
    Andrew Schlafly, J.D., General Counsel, AAPS, opens the 21st Thrive, Not Just Survive workshop held Jan. 9, 2015 in New Orleans, LA.

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%.