Both patients and doctors are often unhappy with our current medical system and it is in vogue to blame capitalism for this “market failure.” Yet often unsaid, is that for more than 50 years, the dead hand of government has gradually replaced the invisible hand of free markets in U.S. health care. Today government and insurance company bureaucrats (empowered by DC backroom deals) are firmly wedged between patients and doctors.
In this podcast Michael Ostrolenk speaks with Ralph Weber, a Canadian medical refugee and the founder of Medibid.com—a website striving to remove these third parties from the patient-doctor relationship by directly matching patients up with the physicians and facilities they need to take care of their medical needs. Mr. Weber explains how Medibid works by keeping doctors and patient as the decision makers, not strangers sitting in cubicles, and how when the free market is truly allowed to function, prices go down and quality goes up.
AAPS members interested in finding cash-paying patients looking for their services, can get a special member-only discount at Medibid.com. Visit http://www.Medibid.com and enter code AAPS2020DF to receive 20% off the normal yearly price.
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