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TFTC: A Bitcoin Podcast

#461: Defecting from Corrupt Healthcare with Andy Schoonover

Nov 17, 2023
Andy Schoonover, founder and CEO of CrowdHealth, discusses the new Lightning wallet integration and the progress of CrowdHealth. They talk about the corrupt healthcare system, the benefits of Bitcoin in healthcare, and the importance of metabolic health. They also discuss the challenges of spreading awareness, the profitability of CrowdHealth, and their relationship with TFTC.
01:25:25

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • CrowdHealth offers a unique alternative to traditional health insurance by allowing individuals to opt out of the insurance system and directly fund their healthcare expenses, providing more personalized care and eliminating the middleman.
  • The concept of building communities based on shared characteristics can drive changes in healthcare behaviors, as seen in the example of the Bitcoin community, where incentivized alignment and stronger relationships lead to better outcomes.

Deep dives

Revolutionizing Healthcare: CrowdHealth's Model and Benefits

CrowdHealth offers a unique alternative to traditional health insurance, providing significant cost savings and a better care experience. By allowing individuals to opt out of the insurance system and directly fund their healthcare expenses, CrowdHealth offers more personalized care and eliminates the middleman. The model has gained traction among Bitcoiners, with a dedicated community forming around the mission to revolutionize the healthcare industry. Doctors are also embracing the model, as they see the value of escaping the constraints of insurance companies and reestablishing direct relationships with patients. With the integration of Bitcoin and the Lightning Network, CrowdHealth aims to empower individuals to transact in Bitcoin and promote the use of the digital currency in the healthcare sector. By gradually increasing adoption and reaching critical mass, the hope is to transform the way healthcare expenses are handled and provide more options for individuals seeking affordable and high-quality care.

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