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.
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.”
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