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The "What is Money?" Show

Bitcoin and the Crisis in Healthcare with Andy Schoonover (WiM321)

Jun 2, 2023
01:03:09
Snipd AI
Andy Schoonover, Founder and CEO of CrowdHealth, joins the podcast to discuss the healthcare crisis, how CrowdHealth provides better health insurance, and why Bitcoin is the ultimate medium of truth. They talk about the inefficiencies of the current healthcare system, the need for change in healthcare payment systems, and the benefits of using Bitcoin in healthcare. They also highlight the importance of prioritizing patient well-being over revenue in healthcare organizations.
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Podcast summary created with Snipd AI

Quick takeaways

  • Crowd Health disrupts traditional healthcare by offering alternative health insurance with a peer-to-peer funding model.
  • Traditional health insurance systems suffer from inefficiencies and lack of transparency, prioritizing profits over patient care.

Deep dives

Disrupting the traditional healthcare system

Crowd Health aims to disrupt the traditional healthcare system by offering an alternative to traditional health insurance. They charge a monthly subscription fee and use a peer-to-peer funding model to help members pay for their healthcare expenses. By eliminating the need for networks, Crowd Health allows members to choose any doctor they want, and they negotiate better prices for services by paying in cash. This model aligns incentives, as Crowd Health has an incentive to find quality doctors at affordable prices and fight for their members' bills to get paid.

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