As a consumer, if you’ve applied for any insurance or health care products, you’ve likely given your consent to have the Medical Information Bureau (MIB) distribute, analyze, and monitor a large collection of highly intimate and unique information about you. According to the U.S. Federal Trade Commission,

“Data collected by the Medical Information Bureau (MIB) may include an individual’s credit history, medical conditions, driving records, criminal activity, and participation in hazardous sports, among other facts.”

Although most consumers have checked, or are aware of the existence of a “credit report” file, almost no one has ever heard of the Medical Information Bureau (MIB), or is even aware of a “medical report” file being kept on them. More importantly, the “medical report” file being kept by the Medical Information Bureau (MIB) is more comprehensive and detailed than a “credit report” file.

Specifically, your “medical report” file includes BOTH MEDICAL AND NON-MEDICAL information. The types of non-medical information collected by the Medical Information Bureau (MIB) may include, but is not limited to, driving records, pariticpation in hazardous sports, aviation activity, criminal records, and “life-style” activities. Just as information errors are rampant in consumer “credit report” files, there is significant opportunity for consumer “medical report” files to contain errors about medical information, but also about non-medical information.

According to the Medical Information Bureau marketing materials, “the MIB’s fraud detection and deterrence saves its member companies, on an annual basis, an estimated $1 billion by allowing them to avoid fraudulent insurance applications and early claims.”

In plain language, the Medical Information Bureau (MIB) allows insurance and healthcare corporations to save money by denying applications and payments to consumers. However, the the Medical Information Bureau (MIB) ascribes to the “we could be charging you more money” theory of market economics. Explicitly, by saving the insurance and healthcare corporations an estimated “$1 billion,” the Medical Information Bureau (MIB) claims to save consumers money because “these savings may be passed on to insurance buying consumers in the form of lower premiums (and higher dividends payable by mutual companies), which may allow them to buy more insurance at affordable premiums.”

To be sure, the member corporations of the Medical Information Bureau (MIB) are not required, or even encouraged to pass these savings onto consumers; its just that, “these savings may be passed” onto the buying public. The buyers of insurance and healthcare products hereby disagree with the imaginary concept of these corporations choosing lower prices for consumers instead of boosting corporate revenues. While the Medical Information Bureau (MIB) may provide a useful function in the marketplace, it clearly possesses an insurmountable advantage compared to the average consumer.

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