Wednesday, May 29, 2013

Free Market Medicine?

Three years ago my doctor switched to a so-called concierge service and no longer accepted insurance payments. I admit I was a bit skeptical but, so far, it has worked out well for me. Franky l am glad to see this trend in medical care. I think the evidence clearly indicates is that the HMO/PPO model has inflated prices for basic medical care beyond what a free market would charge.

South Portland doctor stops accepting insurance, posts prices online

SOUTH PORTLAND, Maine — Dr. Michael Ciampi took a step this spring that many of his fellow physicians would describe as radical.

The family physician stopped accepting all forms of health insurance. In early 2013, Ciampi sent a letter to his patients informing them that he would no longer accept any kind of health coverage, both private and government-sponsored. Given that he was now asking patients to pay for his services out of pocket, he posted his prices on the practice’s website.

The change took effect April 1.

Read the rest here.

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