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This administration has continued to show that they’re not working for ordinary people. Adding medical debt BACK on to credit reports is just the latest example. You shouldn't be denied a home loan because you couldn't pay an emergency medical bill.

57,996 Aufrufe • vor 1 Jahr •via X (Twitter)

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You may have missed this news recently - the health insurance system in America is so broken, that the Trump administration is quietly rewriting the Affordable Care Act and buried deep in a monstrous 1,000+ page document is a ploy to let health insurance companies start lending money to patients to pay for their medical care. That's right: if you get hit with a devastating diagnosis or an unexpected emergency, your "insurance" company won't just pay the bill... they'll offer you a loan instead. So you can go deeper into debt to the very same industry that's already failing you. Let me say that again. You pay health insurance so that you'll be insured in a time of a health crisis. Already, health insurers are denying nearly 20% of claims and out of pocket expenses keep rising. So instead of them paying your bill, which is what you pay the insurance for, they'll now be incentivized to deny even more bills or raise out of pocket expenses in order to cash in on the interest they'll be collecting. A third of American households are already drowning in medical debt — and now insurers get to pile on even more, with interest. While these companies rake in billions in profits, everyday people will be trapped paying back loans for the care they thought was "covered." This isn't fixing healthcare. This is turning your health insurer into your loan shark — and making an already predatory, dysfunctional system even more financially crushing for ordinary Americans. Classic "you get sick, you go broke" American healthcare — now with extra debt servitude. On the plus side, there is a company that is providing a solution to this problem. CrowdHealth, a member focused health care company is saving Americans tens of thousands of dollars, and in May of this year 100% of medical bills were funded. No loans needed. No exorbitant premiums. No crazy out of pocket expenses. A model that is actually working, is not throwing Americans into bankruptcy because of an unexpected health event, is saving people money, and getting them the health care they need. Andy Schoonover from CrowdHealth joins us now to discuss.

The Vigilant Fox 🦊

118,259 Aufrufe • vor 1 Monat