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The Bitcoin Standard Podcast

196. CrowdHealth with Andy Schoonover

Nov 21, 2023
CrowdHealth CEO, Andy Schoonover, discusses their growth and progress in disrupting fiat healthcare. They explore the impact of fiat money on families and the importance of saving. They highlight the integration of Lightning into the CrowdHealth app for faster and cost-effective transactions. The concept of crowd health and its benefits are discussed, along with the advantages of Bitcoin in revolutionizing healthcare. They also touch upon expanding services internationally and validating medical bills.
01:14:22

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • CrowdHealth disrupts the fiat healthcare system by offering a monthly subscription model where members' funds are used to pay bills directly, aligning incentives and promoting healthier behaviors.
  • Bitcoin and Lightning integration enables faster and more efficient payments for CrowdHealth members, allowing them to control their funds and potentially benefit from Bitcoin's appreciation over time.

Deep dives

CrowdHealth's Mission to Disrupt the Insurance Industry

CrowdHealth, an innovative startup, aims to disrupt the insurance industry, particularly the fiat health industry plagued by rising costs and inefficiencies. They offer a different approach, where members pay a monthly subscription fee and funds are used to pay bills directly. CrowdHealth focuses on aligning incentives, with the goal of keeping users healthy and maintaining long-term relationships to provide value for both parties. By leveraging Bitcoin and Lightning integration, they offer faster, more efficient payments, allowing members to control their funds and potentially benefit from Bitcoin's appreciation over time.

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