Live data from Hacker News

GoFundMe CEO: ‘Gigantic Gaps’ in Health System Showing Up in Crowdfunding

khn.org

1–10 of 291 posts

Re: GoFundMe CEO: ‘Gigantic Gaps’ in Health System Showing Up in Crowdfunding

#3
This is wonderful, it really warms my heart to see people contribute voluntarily.

That being said, it appears a large portion are people that were uninsured and then came upon a major medical emergency. Why do people take their health for granted? Even those that are insured, look at the obesity and smoking rates, two significant factors in unexpected early death.

Re: GoFundMe CEO: ‘Gigantic Gaps’ in Health System Showing Up in Crowdfunding

#4
I like to write short stories in my free time.

One that I’ve been working on over the last year is one where the concept of “crowdfunded healthcare” evolves into a dystopian game show where people go on TV and share their sob story on why they need money. Then the viewers at home get to choose who gets the show’s prize money each season through a bracket style voting system that crowns a champion at the end.

I had to stop working on it as it got really, really dark the more I wrote.

On that note, I find it supremely fucked up that people have to turn to crowdfunding to get their unexpected healthcare costs covered by benevolent internet citizens.

Re: GoFundMe CEO: ‘Gigantic Gaps’ in Health System Showing Up in Crowdfunding

#5
post #3

This is wonderful, it really warms my heart to see people contribute voluntarily. That being said, it appears a large portion are people that were uninsured and then came upon a major medical emergency. Why do people take their health for granted? Even those that are insured, look at the obesity and smoking rates, two significant factors in unexpected early death.

Why do you assume the uninsured take their health for granted?

Re: GoFundMe CEO: ‘Gigantic Gaps’ in Health System Showing Up in Crowdfunding

#8
Most people involved in health care, like insurance companies, health care providers, drug companies, doctors and gofundme want more money to be spent on healthcare. That's because it goes eventually into their pockets. The U.S spends double, as a percentage of GDP, on healthcare (16%) as any other country which is good evidence that the solution to healthcare problems being to spend more money is very popular.

The solution has hit negative marginal returns though and the only way out is a more fundamental change to health care, possibly in the form of price controls on drugs or the 150% of Medicare reimbursment maximum price on all procedures. This sort of predictability of costs will obsolete a whole layer of insurance price game players at the hospital and insurance companies that add to health care costs.

Re: GoFundMe CEO: ‘Gigantic Gaps’ in Health System Showing Up in Crowdfunding

#9
post #3

This is wonderful, it really warms my heart to see people contribute voluntarily. That being said, it appears a large portion are people that were uninsured and then came upon a major medical emergency. Why do people take their health for granted? Even those that are insured, look at the obesity and smoking rates, two significant factors in unexpected early death.

Less than half of Americans make more than $30/year.

Walmart is the nations largest private employer.

The average American can not afford a surprise $400 expense.

The average American has over $4k in credit card debt.

Yet, despite all of this, the average credit rating for an American is at an all time high.

Basically, don’t think people take their health for granted but the majority of Americans likely can not afford healthcare coverage if it’s not provided by their employer.

Re: GoFundMe CEO: ‘Gigantic Gaps’ in Health System Showing Up in Crowdfunding

#10

It's obvious the CEO cares greatly about this issue. But not quite enough to reduce the percentage that GoFundMe rakes in with every donation.

Exorbitant cost of health care in America is the problem, not GFM's fees. Lowering the fees would be treating the symptom, not the problem.
Post reply on HN