The Tom Woods Show Ep. 2630 I Seceded From My $3K Health Insurance
Apr 11, 2025
Andy Schoonover, CEO of CrowdHealth, presents a fresh take on healthcare funding by challenging traditional insurance norms. He shares his journey that sparked the need for a community-based alternative, exposing the flaws in the current system. The discussion covers the misalignment of interests in healthcare, advocating for personal responsibility and price transparency. Listeners will learn about innovative models promoting mutual support and successful member stories, all while navigating the complexities of healthcare costs.
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Ear Tube Bill
- Andy Schoonover's daughter needed ear tubes, resulting in an $8,000 bill.
- The insurance company deemed it medically unnecessary and refused payment, prompting him to explore alternatives.
Perverse Healthcare Incentives
- Healthcare prices rise due to perverse incentives for both buyers and sellers.
- Insurance companies profit from rising premiums, and patients with deductibles are indifferent to costs above that threshold.
It's the System
- The issue isn't unique to healthcare; any sector priced this way would see similar results.
- Deductibles create indifference to cost, removing incentives for patients to seek lower prices.