Perverse Incentives: Why Prices Keep Rising

Mentor Sessions Ep. 039: $8,000 for 15 Minutes – Insurance Denied It Anyway | Bitcoin-Powered Healthcare Revolution with Andy Schoonover (CrowdHealth)

Holy shit—$8,000 for a 15-minute ear surgery on his 1-year-old daughter…and insurance denied it as “medically unnecessary.” CrowdHealth CEO Andy Schoonover built the decentralized, Bitcoin-aligned alternative that’s already helped 25,000+ people dump insurance, save ~50% on every bill, fund $1M accidents, and stack sats on unused funds every month. In this BTC Sessions interview, Andy exposes the rigged game: insurance companies + hospitals BOTH profit when prices rise (medical loss ratio scam broken down), 250,000 insured families go bankrupt every year, doctors waste 16–18 hrs/week on bureaucracy, fiat healthcare now in death spiral with 18% premium spike in 2026. The Bitcoin fix: Lightning payments, direct-to-doctor cash, game-theory reciprocity (givers always get funded), and Bitcoin circularity coming for the $5.6 trillion market. From Zuckerberg’s actual house to “the Silk Road of healthcare” — this is the one that makes you cancel your insurance tomorrow.

Chapters:

00:00 Teaser – The System Is Completely Busted

01:12 Andy’s Journey & Zuckerberg’s $16k Check

03:46 First Healthcare Company & Bureaucracy Wake-Up Call

04:47 The $8,000 Daughter Surgery + Insurance Denial Rage

05:22 Satoshi Moment – Launching CrowdHealth (2021)

08:02 20% Denials & 250,000 Insured Bankruptcies Yearly

10:03 Perverse Incentives: Insurance Profits When Prices Rise

12:26 CrowdHealth = 50% Savings Via Direct Pay

17:18 Forced Insurance States & Paying the Fine Instead

20:02 How CrowdHealth Works ($500 + Community Funding)

22:21 Canadian Healthcare Nightmare (MAID = 1 in 20 Deaths)

25:59 Jimmy Song Orange-Pills Andy – Bitcoin Integration

28:10 The $5.6T Bitcoin Circularity Plan

31:22 Every American Will Touch Bitcoin Via Healthcare

34:09 Hospitals Love Instant BTC Payment (50%+ Discounts)

37:35 Stacking Sats + ACA DCA Math

39:52 Game-Theory Reciprocity & Common Objections

42:11 The $1M Self-Shot Accident Story (6 Holes, 1 Bullet)

52:04 2026 Outlook – 18% Premiums & Death Spiral

About Andy Schoonover:

CEO of CrowdHealth – decentralizing healthcare with Bitcoin-aligned crowdfunding

X: Andy Schoonover @andyjschoonover

X: CrowdHealth @joinCrowdHealth

Site: https://www.joincrowdhealth.com

Check out previous Episodes:

Fitness & Bitcoin - Michael Morelli: https://youtu.be/qkzK3ey41tc

Market Update - James Check: https://youtu.be/0a6-hTVwauo

💰 Supported by @BowValleyCU — Tired of big banks? Join Bow Valley Credit Union, run by freedom and sound money advocates, as Canada's only traditional institution directly integrating Bitcoin for seamless, no-hassle transfers, no rehypothecation, self-custody withdrawals, insurance, auditability, and ideal corporate balance sheet integration. If you or your business is in Alberta, switch today! 👉https://qrco.de/bgGaIQ

😏 "Supported" by @PantiesBitcoin — Gentlemen, Panties for Bitcoin has you covered! A Bitcoiner brand for Bitcoiners, run by a HODLer family. 👉 https://qrco.de/bgEYRO

⚡ POWERED by @Sazmining — the easiest way to mine Bitcoin and take control of your financial future.

⛏️You own the rig

🌍 It runs on clean energy

🔐 You get cheap Bitcoin BELOW Exchange Cost

Start stacking wild sats today: 👉 https://qrco.de/bg8Jwq

📚 FREE Bitcoin Book Giveaway: New to Bitcoin? Get Magic Internet Money by Jesse Berger FREE! 👉 Click: bitcoinmentororange.com/magic-internet-money

💡BOOK Private Sessions with Bitcoin Mentor: Master self-custody, hardware, multisig, Lightning, privacy, and more. 👉 Visit bitcoinmentor.io

Follow Us on X:

• BTC Sessions: @BTCsessions

• Nathan: @theBTCmentor

• Gary: @GaryLeeNYC

#Bitcoin #BitcoinPodcast #CrowdHealth #BitcoinHealthcare #MedicalBankruptcy #HealthcareCrisis #BitcoinFixesThis #DecentralizedHealthcare #LightningNetwork #BitcoinCircularity #CrowdFunding #InsuranceScam #BitcoinAdoption #MedicalFreedom