The Bitcoin Standard Podcast

270. Crowdhealth with Andy Schoonover

9 snips
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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ANECDOTE

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.
INSIGHT

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.
INSIGHT

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.
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