X Business, Policy and Reform Impacted by Scott Brown Victory

Friday, January 22, 2010 General News J E 4
With healthcare at the heart of the Massachusetts race, MediBid - The Marketplace for Medicine - comments on the implications of Scott Brown's victory for business, political reform and public policy.

PASO ROBLES, Calif., Jan. 22 /PRNewswire/ -- 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 reflects an underlying demand to let free-market principles drive the change in healthcare.

"When the state of Massachusetts elected 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."

While reformers talk about allowing Americans to buy insurance across state lines, MediBid enables them to get medical care across state lines. By allowing doctors, not a third party, to set rates, people benefit from a competitive, market-driven environment.

"The truth is that most American problems are cured by the people, not the government," says Weber. "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 American people want choice, transparency, privacy and quality," said Weber. "These values are the foundation of MediBid."

"MediBid is designed to be an environment where free-market principles can work uninhibited by politics," continued Weber. "MediBid provides access to medical care with transparency in cost. The result: health care the way it is meant to be."

Launched on January 1, 2010, the company has already seen a flurry of activity from patients seeking bids from medical practitioners.

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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