

270. Crowdhealth with Andy Schoonover
Apr 22, 2025
Andy Schoonover, founder and CEO of CrowdHealth, discusses revolutionary approaches to health insurance. He emphasizes the need for decentralization and patient autonomy, advocating for direct patient-doctor relationships. Schoonover highlights the incorporation of Bitcoin into healthcare as a potential game-changer. The conversation also critiques traditional insurance systems and addresses the financial burdens they impose. Additionally, he explores the impact of diet on health, promoting a meat-centric approach and reflecting on the ties between the food industry and medical practices.
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Personal Insurance Denial Story
- Andy Schoonover's child had recurring ear infections requiring a costly procedure.
- His insurance denied the claim, forcing him to pay $8,000 out of pocket, revealing health insurance's flaws.
Direct Payments Lower Costs
- Paying doctors directly cuts out middlemen, reducing healthcare bills by 30-40%.
- Bureaucracy and rent-seeking add substantial costs in typical insurance payments.
Perverse Incentives Inflate Healthcare Costs
- Health insurance firms and hospitals both profit from higher prices, driving healthcare costs up.
- This creates a perverse incentive where buyers and sellers of healthcare want prices to rise.