MedCity News has profiled Medibid, a business that connects patients to physicians who compete on price, through auctions, to treat them.
One major reason costs are lower than in the traditional system is that insurers are cut out, reducing administrative costs significantly. However, the article reports complaints by hospitals, who cannot stand to see fees cut.
Read the entire article at NCPA's Health Policy Blog.
Research and commentary from a former senior executive in the U.S. Department of Health & Human Services
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