CrowdHealth, a year in review \ stacker news ~charts_and

pull down to refresh

1492 sats \ 15 comments \ @AliceA 6 Jan charts_and_numbers

The following is a reflection on my year of CrowdHealth expenses. For this review, I added up how much I paid for the member fee and member contribution. I found the bitcoin price on the day I was billed each time (using timechain calendar) and calculated how many sats I could have purchased instead of this service. I then added up the total sats I could have accumulated over the year.

Is CrowdHealth worthwhile?

For the year of 2024 I spent a total of $1, 624.20 o n C ro w d He a lt h . I na dd i t i o n I p ai d a$ 900 penalty to my state for not having health insurance. This totals $2, 524. I p erso na ll yre q u i re d n oco mm u ni t ycro w df u n d in g f or an ye v e n t s . A n y t hin g I n ee d e d (v erys ma llt hin g s l ik e a f in g er in f ec t i o n v i s i t), I p ai d o u t o f p oc k e t f or a s i t d i d n o tq u a l i f y a s an e v e n tw hi c h q u a l i f i e d co mm u ni t y f u n d in g . I f I ha d p u rc ha se d bi t co ina tt h e t im eo f t h ese bi ll s I w o u l d n o w ha v e 2, 569, 789 s a t s . S a t s / U S D t o d a y =$ 2,526.

Trends

Starting in June of 2024 the monthly crowdfund contribution went up considerably. I previously had a discount code to keep this cost lower. Now that it expired, it appears I will be paying a crowdfund contribution close to $120 p er m o n t h . I na dd i t i o n t h e m e mb er m o n t h l y f ee i s g o in gu pt o$ 55 per month in 2025.

Final thoughts

If I had saved my 2024 satoshis in a rainy day cold storage healthcare fund and instead gone with no health coverage at all, I do not believe the value of those satoshis (now = $2,526) would be sufficient to cover a large out of pocket health event for myself without community funding. Based on my findings here, to me, crowdhealth is worthwhile.

Another consideration is the Swan bitcoin fund with CrowdHealth, it is unclear to me if this is still happening and how it works.

This remains a fiat minded way of doing things, it is difficult to exit the matrix completely without some intermediaries. Please comment and share if you have any differing opinions or other ways of viewing this information.

view all related items

44 sats \ 2 replies \ @Bell_curve 18 Dec

@kepford FYI

Based on $900 penalty, my guess is California

15 sats \ 1 reply \ @kepford 18 Dec

Yep

0 sats \ 0 replies \ @AliceA OP 1h

@kepford @Bell_curve no penalty this year as I did not enter into this contract with California.

10 sats \ 3 replies \ @BitcoinIsTheFuture 7 Jan

You can be charged for not having insurance? How much would insurance have cost? That way you know the opportunity cost

48 sats \ 1 reply \ @AliceA OP 7 Jan

They call it a "personal healthcare mandate" which means you pay a penalty when you file taxes if you did not have health insurance.

Cost of insurance -- "The average national monthly health insurance cost for one person on an Affordable Care Act (ACA) plan without premium tax credits in 2024 is $477".

Based on this Crowd Health is a lot more affordable.

0 sats \ 0 replies \ @nym 7 Jan

Taxation without representation

0 sats \ 0 replies \ @kepford 1h

Yeah, just like Obama care. That amazing triumph of socialism.

10 sats \ 0 replies \ @denlillaapan 6 Jan

I don't quite follow the calculations, but I also don't understand how crowdhealth operates. Don't they hold contributions in BTC in the meantime...? (So holding inside of crowdhealth waiting for a health event or outside and paying out or pocket become equivalent?)

Also, the other side of things is the savings? What would your ordinary health insurance have cost you, covering roughly what this policy did?

0 sats \ 1 reply \ @Bell_curve 18 Dec

I am going to join in January!

0 sats \ 0 replies \ @AliceA OP 1h

Wonderful! Fiat healthcare incentives keep us sick! What motivated you to opt out?

10 sats \ 4 replies \ @konstantin21 7 Jan

interesting but less useful without assessing the opportunity cost of what a normal insurer would have cost. Also ,you're not supposed to "profit" from insurance. you're paying for peace of mind against catastrophic ilness or injury.

11 sats \ 1 reply \ @AliceA OP 7 Jan

A self-employed health insurance plan appears likely to run >$400 per month. Definitely more than CrowdHealth. I agree, the peace of mind is worth paying for CrowdHealth at this time. They are the go-between the fiat healthcare cartel and the ideal world where technological innovations actually make things more affordable.

0 sats \ 0 replies \ @Bell_curve 18 Dec

Obama care also eliminated affinity group plans for solo practitioners

0 sats \ 1 reply \ @Bell_curve 18 Dec

you obviously are not familiar with Obama care aka "Affordable Care Act"

0 sats \ 0 replies \ @AliceA OP 1h

What are you trying to say? Are you promoting "Affordable Care Act”/ state health solution?