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.
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.
CrowdHealth aims to establish a database of Bitcoin-friendly doctors, prioritizing wellness and preventative measures over pharmaceutical solutions, to revolutionize the healthcare industry and improve overall outcomes.
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.
Revolutionizing Insurance with Bitcoin's Low Time Preference
CrowdHealth emphasizes the low time preference mindset prevalent in the Bitcoin community. This mindset, driven by the long-term value of Bitcoin and its potential impact on individuals' lives, translates to healthier behaviors and a more responsible approach to healthcare. By adopting a community-based model, CrowdHealth encourages members to support each other financially during health events, fostering a sense of responsibility and incentivizing healthy behaviors. The integration of Bitcoin and Lightning allows for immediate fund transfers and improved negotiation power, resulting in lower healthcare costs and better value for members.
Creating a Database of Bitcoin Doctors for Better Healthcare
As part of their future plans, CrowdHealth aims to establish a database of doctors who accept Bitcoin as payment. This initiative aims to connect patients seeking Bitcoin-friendly healthcare options with doctors who prioritize wellness and preventative measures over pharmaceutical solutions. By focusing on wellness first and utilizing Bitcoin as a payment method, CrowdHealth believes they can revolutionize the healthcare industry, offering a more patient-oriented approach and improving overall healthcare outcomes.
Benefits of Taking Sovereignty over Health Care Expenses
The podcast episode highlights the benefits of taking sovereignty over one's health care expenses. It discusses how being personally responsible for health expenses leads to individuals taking more ownership of their own health and making behavioral changes. The speaker cites examples of people who made lifestyle changes to become eligible for community-based health care. By shifting away from outsourcing health care to insurance companies, the podcast argues for the need for individuals to reclaim control over their own health and highlights the positive behavioral changes that can result from this shift.
Importance of Community and Low Time Preference
The podcast explores the importance of community and a low time preference approach to health care. It discusses how traditional insurance systems, driven by a high time preference, have eroded the sense of community responsibility and reliance on family and neighbors for support. It emphasizes the need to rebuild such vibrant communities. The podcast highlights the crowd health system as an alternative that fosters a sense of community and shared responsibility. It emphasizes the advantages of aligning incentives and creating a doctor-patient relationship based on value exchange rather than an insurance-driven dynamic. The conversation also touches on the detrimental effects of fiat money on family and community well-being. Overall, the podcast suggests that embracing low time preference and building online communities like crowd health can positively impact healthcare and foster stronger social connections.
Crowdhealth CEO Andy Schoonover joins us to discuss Crowdhealth's continued growth and progress in disrupting fiat healthcare, including why they're introducing lightning payments!
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