Meet the Medical Information Bureau, Inc.

Life insurance companies have been pioneers in the field of big data and personal analytics for more than 100 years. The Medical Information Bureau Inc. (also known as MIB Inc. and MIB Group Inc.) was founded in 1902 and is officially America’s oldest and longest continuously operating credit reporting agency.

The Medical Information Bureau (MIB) Inc. is a Delaware-registered non-stock corporation owned by approximately 500 North American insurance companies. The corporate membership of the Medical Information Bureau (MIB) accounts for 99 percent of the individual life insurance policies and 80 percent of all health and disability policies issued in the United States and Canada. The MIB is a nationwide specialty consumer reporting agency and thus required to obey all applicable state and federal laws.

Deep Data

Accessing 100 million records and growing weekly, the Medical Information Bureau (MIB) owns and monetizes, “North America’s largest database of medical conditions on insurance applicants. [Including] diagnosed medical conditions from attending physicians, lab test results, qualified physical exams, self-admitted medical conditions.” (Source, MIB Group, Inc. “HealthRisk ID” marketing materials). It’s flagship data product, the MIB Checking + Follow Up Service, saves the insurance industry over $1 billion annually. (more…)

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What is AnnualMedicalReport.com?

On behalf of families, workers, and businesses, AnnualMedicalReport.com is dedicated to improving privacy protections for personal medical information, establishing technological standards for insurance company use of consumer reporting data, and reducing out-of-pocket costs for consumers by detecting and deterring insurance company fraud and discrimination.

AnnualMedicalReport.com is dedicated to achieving three main goals:

1.  AWARENESS—Improve public knowledge about the existence of consumer “medical report” files collected by the nationwide specialty consumer reporting agencies and sold to insurance companies.

2.  SECURITY—Establish a secure, online source for consumers to request disclosure of annual medical report files guaranteed under Federal law (FCRA and FACTA).

3.  FINANCIAL SAVINGS—Save consumers $1 billion dollars before the end of 2014 by detecting, correcting, and deterring corporate insurance fraud and discrimination.

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