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Fulcrum just raised $25,000,000 to transform commercial insurance and it started in 2023 with two immigrant founders (Sambhav Anand and Arjun Mangla) chasing the American dream. We at Foundation Capital (cc Joanne Chen) were lucky to partner with Sambhav + Arjun at the seed, pre-product. Today, Fulcrum is becoming...

12,395 просмотров • 8 месяцев назад •via X (Twitter)

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Friedberg: California Created an Insurance Crisis by Artificially Inflating Home Prices david friedberg broke it down on episode 210: -- the frequency of loss is INCREASING for homes in climate-sensitive zones (areas with wildfires, hurricanes, tornadoes, etc.) -- this includes parts of los angeles susceptible to wildfires -- in a free market, the cost of insurance would rise with the increased risk of loss -- however, california makes it nearly impossible for home insurance providers to increase rates -- this artificially inflates home prices, due to the massively subsidized insurance costs " They're driving real estate value up because they're not allowing the cost of insurance of that real estate to naturally float." " And so by driving real estate values up, the economy looks good, they make property taxes, income comes in." -- but, major insurance providers like state farm pulled out of certain at-risk areas in the state -- for example, state farm canceled ~1600 policies in pacific palisades last summer -- californians living in at-risk areas are now relying on the state's insurance program (the "fair plan") in record numbers -- according to friedberg, the fair plan has ~$220M of capital with ~$5B of reinsurance -- after this string of wildfires, the program has ~$6B of exposure in the pacific palisades alone, and could have $24B+ in total losses -- so, california's state insurance plan is effectively bankrupt, and will need a bailout " At the end of the day, the bill is going to come due." "And at some point, taxpayers are going to look at the fact that they're paying some percentage of their income to support someone else's home value, and they're going to say 'Enough is enough.'"

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221,513 просмотров • 1 год назад

The most blatant flip flop I’ve ever seen. Abdul El-Sayed today on Medicare for All: "If you would like to have a private insurer, you’re welcome to do that." This man has spent YEARS vowing the exact opposite. Here are 11 times Abdul promised to ELIMINATE private health insurance plans: 08/04/2018: “Instead of having multiple insurance companies... what you have is the state operating as your insurance company. That's what we want.” 11/18/2019: "Medicare for All guarantees you a public health care plan and eliminates your private one." 11/18/2019: "Under Medicare-for-All, the federal government is the only payer—hence single payer—for healthcare to everybody in the nation." 06/04/2020: "What does Medicare for All do? Medicare for All comes in and says, ‘No more of this insurance industry,’ which costs us far more, whose CEOs make tens of millions of dollars a year, and which creates redundancy in the healthcare system that increases the overall cost for all of us." 07/12/2020: “My issue with private health insurance is that I see it as fundamentally a middleman that we've allowed to persist and exist in our healthcare system for no added value except that a lot of people profit off of it... the best way to do that is cut out the middleman.” 09/29/2020: "The only insurer in town is Medicare" 12/16/2020: “What Medicare for All does is it does away with the private insurance market. It now has one single payer—that's why we call it single-payer, right? One insurance, and that is the government of the United States.” 03/15/2021: “We are going to create one insurer that operates on behalf of the taxpayer, on behalf of the American public, so that we can reduce prices as much as possible and collectivize as much as possible.” 04/13/2021: “Instead of having a whole bunch of payers you have one payer and that is the federal government.” 05/25/2021: “We have an entire industry — the insurance industry — that does not need to exist, that should not exist. There’s a world that’s possible where it didn’t exist. The question becomes are we willing to do the morally right thing as a society?” 04/07/2022: "I advocate for a government takeover of health insurance because health insurance offers no value in the American health care system"

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180,346 просмотров • 1 день назад

This woman is a Board Certified Emergency Medicine Physician in America She says she’s seeing more and more doctors leave practicing medicine because what US Health Insurance companies are doing to healthcare She explains why, this is important information: “I believe what we are seeing with healthcare professionals is not just burnout, it's something far more insidious and painful. This is moral injury. — Moral injury. The pain of knowing what the right thing is for the patient, but being unable to do that because of systemic barriers. And over time, this wears you down. I have seen so many people leave the profession because it has eroded their sense of purpose, their love for the job. And we take a Hippocratic oath to do no harm. But in a system that doesn't place human health at the center, that becomes harder and harder to uphold. And that disconnect from what we are trained to do, from what we can actually do, creates a very painful wound. And when the healers themselves are wounded, when their hands are tied, when their clinical judgment is overruled, they don't just feel that defeat themselves, they that trickles down to the patient. — So when we see our providers juggling insurance company protocols, productivity metrics, hospital bureaucracy, the relentless pull of the electronic medical record, all of these things take the doctor away, the patient. If we really want to understand why the United States spends more on health care than any other nation, while delivering some of the worst outcomes, we need to start being honest. The system just isn't inefficient. It is deeply misaligned with care and having it be patient first” US Health Insurance companies are absolutely destroying American Healthcare and we all must keep sharing these important stories because something has to change

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