Few procedures have made as significant an impact on the quality of life for individuals as hip replacement surgery. This transformative medical intervention has become a beacon of hope for millions around the globe, offering relief to those burdened by hip joint pain and limited mobility.
The cost of medical procedures, treatments, and medicines has increased dramatically in recent years, making it hard for many folks to get the care they need. But there’s a novel idea called medical procedure bidding, and it might just be the answer we need.
Britain’s National Health Service turns 75 this month. It is in the deepest crisis of its history: flooded by aging patients; starved of investment; and understaffed by doctors and nurses, many of whom are so burned out that they are either joining strikes or leaving for jobs abroad.
Michael Andrade interviews MediBid CEO Ralph Weber Ralph Weber has been a consultant for employers for years. Employers reached the breaking point of expensive medical plans that are low quality. Millions of claims data were studied and found that 35-40% of procedure costs were above the median price. Competition works, but adding transparency ONLY raises … Continued