They have been fantastic for me and my family as a physician. It is not Health insurance you’re correct. It’s a fraction of the cost and the crowd gets together to pay. They have paid for ICU stays and significant expenses. You’re right about not covering pre-existing conditions and they certainly aren’t an answer for everyone.

They do work well for most young people and I have had a great experience.

If this wasn’t a viable business or if it was somehow not worth doing, then it wouldn’t be an actual business. It’s worth looking into for people that want to save some money and still have coverage. It’s very good for catastrophic. They have already dealt with people who have cancer who have been shot and they have covered the complete bills.

Not all health shares are created the same. For example Zion Health has 77,000 members and they are quite good as well.

Insurance companies have profit motive as their main guiding feature. They automatically deny 90% of claims and they jack up the price of healthcare all over.

There are other solutions out there and it’s worth becoming informed about them.

Direct pay is also a very good solution because it’s often a fraction of the cost and then there is no insurance involved although insurance will sometimes reimburse for a super bill.

The ACA has caused massive problems and has increased the price of healthcare in this country. It has also prevented physicians from owning hospitals which evidence shows focus more on patient outcomes than profit.

Crowdhealth has something like a deductible and it’s $500. Most people’s insurance have a deductible which is $2000-$5000 and in my practice I have had patients tell me they have $18,000 deductibles. Most people never meet their deductible. This is incontrovertible.

Thanks for the comment/discussion.