Revolutionizing the Way We Pay for Healthcare: Can Tech Give You Freedom from Health Insurance? Every year, 250,000 people declare bankruptcy due to medical bills despite having health insurance
New York, New York
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December 20, 2021 05:00 PM Eastern Standard Time
Every year, a quarter million Americans declare bankruptcy due to medical bills despite having health insurance. Recently, Andy Schoonover, Founder and CEO of CrowdHealth, teamed with YourUpdateTV on a satellite media to discuss how leveraging technology can help you get your healthcare freedom back without breaking the bank.
A video accompanying this announcement is available at:
For 30 years, the middle class has experienced no real income growth due to the increasing costs of health insurance.
Research shows inadequate health insurance accounts for nearly 67 percent of all bankruptcies. This statistic is staggering and illustrates a difficult reality for the many American families navigating today’s insurance market.
Technology is being used to build a new, community-powered solution for all. CrowdHealth is an app and technology platform that allows you to make a monthly contribution to the Community and those funds are used to fund the community’s health care bills.
Crowdfunding models of paying for health care maximize the probability that all members’ eligible bills will be paid in full each month. These models come without the burdens of skyrocketing premiums and deductibles. Unlike traditional models, members aren’t chained to yearly contracts and have more flexibility and autonomy with crowdfunded models.
CrowdHealth provides app-based tools such as:
- The latest innovation in fintech, allowing their members to aggregate crowdsourced funds to pay doctors quickly and directly.
- A nationwide doctor quality and cost database that empowers their members to make informed decisions about their care without the limitation of restrictive networks.
- Highly engaged, personalized Care Advocacy to help their members navigate their health journeys.
- Negotiation and legal services that fight for patients when dealing with outrageous bills.
- Access to deeply discounted prescription drugs.
By eliminating insurance plan middlemen, reimagining the healthcare payment system and empowering doctors to direct care choices, CrowdHealth will help their members significantly reduce their out-of-pocket expenses when compared to healthcare.gov plans.
To learn more about CrowdHealth go to joincrowdhealth.com.
About 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. Schoonover was previously CEO of VRI, a healthcare technology company focused on monitoring patients with chronic conditions out of their homes. He is a graduate of the University of Virginia and Stanford University’s Graduate School of Business
About YourUpdateTV:
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