Monday, August 11, 2014

Medical Auction Website Puts Patients In Charge of Prices

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.

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