Stopping the Big Squeeze on Patients

Ralph Weber is interviewed on Ron Barshop podcast September 25, 2019.

Many patients find that their deductible is higher than any insurance savings would be. Hospitals collect 1/3 of their debt by collectors that harass families by all means. These collections are the cash cow of the hospital. Medical debt then in turn affects credit reports. About 1 in 6 Americans got a surprise bill in the mail, while ¾ of them do have insurance. The bill comes from using an out of network physician, hospital stays, and ambulance rides.

MediBid brings down the costs to patients. The number one myth is that insurance reduces the cost of medical care. If it did, the profits would be reduced and insurance company revenue would drop. Companies raise premiums and deductible so they can pay less and patients will pay more. Reference based pricing puts a cap on spending by publishing a list of prices. Transparency with competition brings down costs to the patients. MediBid shows patients the Healthcare Bluebook pricing, which is the average price for procedures in a given state or zip code.

Cost is not equivalent to quality. A surgeon with more experience can do a procedure with less time and for less facility/anesthesia time, which results in less cost to the patient. A less experienced surgeon will have a higher price due to the extra time it will take. When selecting a provider for your medical procedure, be sure to check their quality ratings. All MediBid providers have their ratings evaluated before bringing them into the system.

MediBid helps patients by getting rid of the middleman and having patients work directly with physicians, bringing down the overall cost. “Healthcare doesn’t have to be complicated,” says Ralph Weber.

To listen to the entire podcast, click HERE

Barshop, Ron. “Episode #34 – Ralph Weber”. Primary Care Cures. 25 Sep 2019. Web. 7 Nov 2019.