Culture Apothecary with Alex Clark

Ditch Traditional Health Insurance: Gain Freedom | CrowdHealth CEO Andy Schoonover

9 snips
Apr 25, 2025
Guest
Andy Schoonover
In this lively conversation with Andy Schoonover, founder and CEO of CrowdHealth, we explore eye-opening alternatives to traditional health insurance. Discover how a crowdfunding approach empowers communities to manage medical costs and bypass the red tape of conventional systems. Andy sheds light on the inefficiencies of profit-driven health insurance, critiques the rise in healthcare spending, and advocates for cash-based healthcare models. Plus, learn about healthier lifestyle choices that can enhance well-being while redefining the future of healthcare!
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INSIGHT

Why Health Care Prices Soar

  • Health insurance companies profit more as healthcare prices increase because they can only make a small percentage of premiums as profit.
  • Hospitals and insurers both benefit when healthcare costs rise, driving up prices over time.
ANECDOTE

Denied Ear Procedure Anecdote

  • Andy Schoonover's daughter had an $8,000 ear tube procedure denied by his insurance as medically unnecessary.
  • He paid out of pocket and quit health insurance, living delightfully uninsured since then.
INSIGHT

Chronic Care Fuels Healthcare Profit

  • Chronic illness drives repeated visits, increasing recurring healthcare revenue.
  • System pressures doctors to treat symptoms quickly due to limited appointment times and reimbursement.
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