Consider This Bitcoin Solution for Health Insurance ft. Andy Schoonover

Andy Schoonover is founder and CEO of CrowdHealth, a community-powered alternative to health insurance that provides a revolutionary way of paying for healthcare bills through crowdfunding. Andy was previously CEO of healthcare technology company, VRI. He is a graduate of the University of Virginia and Stanford University’s Graduate School of Business.

Get 6 months of Crowdhealth for $99 using promo code NATALIE: www.joincrowdhealth.com/natalie

Follow Andy on Twitter https://twitter.com/SchoonoverAndy

IN THIS EPISODE:

0:00 Intro, Swan Bitcoin promo

1:25 Growing up in St. Louis, investing in Ferguson

4:47 Attending James Madison University, UVA

5:41 Dad worked for the State Dept

6:50 Graduating from Stanford, renting a room to Mark Zuckerberg

11:34 Buying a company in Dayton, Ohio

14:51 iTrustCapital, Bitcoin 2023 promos

17:04 CrowdHealth origin story

19:27 Why is healthcare so expensive?

22:03 Insurance incentivized to keep people sick, increase costs

23:50 In network vs. out of network

29:59 People are the product

33:38 Crowdfunding healthcare

38:50 Fold app, CrowdHealth promos

41:22 Negotiating costs; doctors hate insurance companies

43:43 CrowdHealth is not insurance; what do the big guys think?

45:39 Handling big bills, community generosity

47:46 Involving Bitcoin

51:25 Average customer age 34

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Health insurance needs an overhaul. The government and insurance companies have jacked the price, increased complexity, and made insurance almost unusable. You send your money to the health insurance black hole and never see it again. Then, when you get hurt you have to send them more money. The great news is now you have an alternative: CrowdHealth. It’s totally different from insurance. Instead of sending your hard earned money to an insurance company, you hold your money in an account CrowdHealth helps you set up when you join. You can even convert dollars in that account into Bitcoin. When someone in the community has a health need, you help them out directly and if there is Bitcoin or $ left over in your account when you leave, you take it with you. https://www.joincrowdhealth.com/natalie 

OTHER RESOURCES

- Natalie’s website https://talkingbitcoin.com/

- CrowdHealth https://www.joincrowdhealth.com/natalie

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FOLLOW NATALIE ON SOCIAL MEDIA

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Producer: Aron Bender https://www.linkedin.com/in/aron-bender/

DISCLAIMER This show is for entertainment purposes only and does not give financial advice. Before making any decisions consult a professional.

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