226: They ALL Make Money When Your Family is Sick: Ditching Insurance with Andy Schoonover

In this week’s episode, Dr. Stanton Hom sits down with Andy Schoonover, CEO and founder of CrowdHealth. Andy shares the origins of CrowdHealth, a peer-to-peer healthcare funding platform that aims to disrupt the traditional health insurance model. They discuss the issues with the current healthcare system, including high costs and inefficiencies, and explore how CrowdHealth offers a community-driven alternative that is both transparent and supportive.

Andy dives deeper into the specifics of how CrowdHealth operates, emphasizing its benefits for both patients and providers, and makes a compelling case for the simplicity and effectiveness of paying for healthcare services with cash. This conversation reveals the transformative potential of CrowdHealth to create a more equitable and efficient healthcare system.

Timestamps:
00:00 Introduction and Special Guest Introduction
01:04 The Broken Healthcare System: A Personal Story
02:32 The Flaws in Health Insurance
03:19 The CrowdHealth Solution
05:53 The Benefits of Paying Cash
07:05 Market Forces in Healthcare
18:13 The Perverse Incentives in Healthcare
23:11 The Birth of CrowdHealth
26:49 Alternative Healthcare Methods
27:06 Comparing Health Models
28:39 Transparency and Advocacy
29:09 Community-Centric Care
30:19 Holistic and Alternative Medicine
30:51 Exodus from Traditional Systems
32:50 Economic Benefits of Home Births
35:01 Building a New Healthcare System
35:39 Crowd Health Model Explained
44:18 Practical Considerations and Future Vision
52:42 Invitation to Join Crowd Health