Friday, January 22, 2010

Business, Policy and Reform Impacted by Scott Brown Victory

by Ralph Weber, CLU, REBC

Paso Robles, California – January 22, 2010. While stocks prices slipped Wednesday for many healthcare companies, one new business has a bright outlook. MediBid – The Marketplace for Medicine – believes that Brown’s victory in Massachusetts reflects an underlying demand to let free-market principles drive the change in healthcare. In a statement on his website, newly elected United States Senator Scott Philip Brown wrote, “I support strengthening the existing private market system with policies that will drive down costs…”

“When the state of Massachusetts elected Republican Scott Brown to the United States Senate, it sent a message that, political leanings aside, the people don’t want a government-run healthcare plan that was put together behind closed doors,” said Ralph Weber, MediBid founder and CEO.

“What otherwise would have been partisan politics turned into a referendum for change,” continued Weber. “Not the ‘change’ that politicians bandy about, but real solutions that result in a healthcare system that works.”

Reformers talk about allowing Americans to buy insurance across state lines, MediBid allows Americans to buy medical care across state lines. When you allow doctors to set their own rates rather than a third party, you get a more competitive environment.

“The truth is that most American problems are cured by the people, not the government,” says Ralph Weber, MediBid founder and CEO. “Heavy bureaucracy interferes with the practice of medicine. This is bad for patients, doctors and the American economy.”

A privately held Delaware corporation, MediBid sees a tremendous opportunity from increased focus on the free-market principles it supports.

“The people want choice, transparency, privacy and quality in healthcare,” said Weber. “These values are the foundation of MediBid.”

“MediBid was designed to create an environment where free-market principles could work uninhibited by politics,” continued Weber. “MediBid provides free access to medical care with transparency in cost. The result: healthcare the way it was meant to be.”

Launched on January 1, 2010, the company has already seen a flurry of activity from patients seeking bids from medical practitioners from finding a new family physician to knee replacement surgery.

About Ralph Weber

Ralph Weber is a Certified Financial Planner, Chartered Life Underwriter, and Registered Employee Benefits Consultant who has contributed health reform policy for politicians including Rudy Giuliani and Mike Villines. Mr. Weber has designed health plans and insurance products both in Canada and the United States and owns a TPA (Third Party Administrator) that administers self-funded health plans in the US and Canada.

Born in Canada, Mr. Weber also lived in Germany, Thailand and Nepal. He immigrated to the United States in 2005 because he was no longer willing to allow his family members to be victimized by the Canadian socialized health care system.

Mr. Weber has given dozens of radio and television interviews about healthcare reform. He has participated in three forums at the California Republican party, one of them with Presidential hopeful, Rudy Giuliani. Mr. Weber was a featured presenter at the Million Dollar Round Table on Critical Insurance and has had 15 articles published on health reform, critical illness insurance, and Medicare administrative costs. Having analyzed relative profitability of various third party payers, Mr. Weber has helped many physicians to adapt their practices to become “free market clinics.”

About MediBid is an interactive marketplace that empowers cash paying patients to seek medical care from doctors, hospitals, and facilities locally and around the world. MediBid's founders share an unrelenting drive to change the status quo in the field of healthcare financing. Patients who use MediBid's uncompromisingly unique, highly secure, needs-matching technology can acquire the best cost-to-value services anywhere.

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