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Andy Schoonover | Is Health Insurance a Scam? CEO Exposes Industry Secrets & Offers Alternative
Manage episode 442881495 series 3604557
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Ditching health insurance could save you thousands on medical bills.
In this episode, Andy Schoonover, CEO of CrowdHealth, exposes the flaws in the traditional health insurance system and presents a viable alternative.
Learn why health insurance companies actually benefit from rising healthcare costs and how paying cash for medical procedures can lead to significant savings.
Schoonover shares real-world examples of price reductions, including an ACL surgery that dropped from $24,000 to $11,000 when paid in cash.
(Did you know that doctors spend about 25% of their time fighting with health insurance companies over preauthorizations and payments? This administrative burden contributes significantly to healthcare costs and physician burnout.)
CrowdHealth offers a unique model where members pay cash for care and can get costs crowdfunded by the community. This approach eliminates insurance bureaucracy, resulting in major savings and improved doctor-patient relationships.
Notable Quote
"Health insurance plans actually have an incentive for prices to go up, not for prices to go down. So that's the biggest misconception."
Schoonover believes that dealing with insurance denials can be riskier than going without traditional coverage. Learn how to take control of your healthcare costs and potentially save thousands.
For more information about CrowdHealth, visit https://joincrowdhealth.com or follow them on Twitter @JoinCrowdHealth.
Join the conversation about affordable healthcare alternatives. Like, comment, and share this episode to help others learn about potential cost-saving options.
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