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Healthcare Success Stories: Oklahoma’s Free Market

Home/Healthcare News/Healthcare Success Stories: Oklahoma’s Free Market

Healthcare Success Stories: Oklahoma’s Free Market

by Paula Burkes | NewsOK | April 15, 2016

Healthcare Success Stories: Oklahoma’s Free Market

Sovereign Solutions Editor’s Note::

Transparent prices! As we have noted again and again there is no way around the absolute imperative of PRICE DISCOVERY in any market whatsoever! 

Not all is glum, thankfully. Despite the obvious fact that the national “discourse” related to the topic of healthcare is not helpful, there are pockets of RESISTANCE to the status quo. These are places [and manners and ways] where YOU can potentially save lots of money! 

There ARE solutions around us, if only we question, think, look, and finally act.

Take action today!

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By directly connecting its employees to medical facilities that share prices upfront on low-cost, all-inclusive procedures — from MRIs and sleep studies to surgery and oncology — BancFirst and Oklahoma County saved $1 million and $2.5 million on their respective health plans last year.

Similarly, the self-funded employers of Oklahoma City-based Kempton Group — for which it handles health insurance claims — have saved a combined $14 million since 2012 by using The Surgery Center of Oklahoma, the Oklahoma Heart Hospital and other facilities that offer transparent pricing. Meanwhile, the state of Oklahoma, by tapping the same free-market initiatives, stands to save $200 million over the next year.

Kempton CEO Jay Kempton and Keith Smith, one of 40 physician owners of the Surgery Center of Oklahoma, shared the success stories with 110 agents and brokers who attended an Oklahoma City Association of Health Underwriters symposium Thursday at Quail Creek Country Club.

The pair, who founded the Free Market Medical Association three years ago, are strong advocates for price transparency and competition among medical providers and facilities to lower rising health care costs for consumers.

“We think every American should understand that a decent price for a shoulder MRI is $500 versus $4,000,” Kempton said. Volume discounts obstruct and distort the free market and the understanding of the true cost of care, he said. “It should be the same cash price to any willing buyer. Price is not a product; care is.”

Kempton told of how a durable medical equipment supplier quoted a $4,195 discounted price on a $6,900 oxygen concentrator, but quickly matched a $2,995 price that Kempton found in a Google search.

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WHAT DO YOU THINK?

Do you have any objections, thoughts, concerns, or contributions? I REALLY WANT TO KNOW. Help me to make this a conversation!

Together we can map out better solutions and truly navigate clearer paths towards quality services, low prices, and better lives.

Oh! And as always, if you find this post useful, do me and so many others a huge favor. When it comes to this kind of information: share and share alike! Information is meant to be disseminated wide and far.

Sovereign Liberty Solutions

Your Home for Liberty Bias in News, Opinion, & Solutions
By | 2017-03-28T13:32:34-04:00 April 25th, 2016|Categories: Healthcare News|Tags: |0 Comments

About the Author:

My name is Matthew. I am founder of and manage Sovereign Liberty Solutions. I am a proponent of free, voluntary association and expression. I understand that there is no single exception or excuse to violate this with the initiation of force, fraud, and coercion. I welcome a genuine dialogue & seek information, news, analysis, and, of course, solutions, whether it be on the individual level or a more voluntary association [group] or even "national" one.

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