Here’s hoping this is not the Republican replacement for Obama Care (Affordable Care Act).
Y Combinator, a Silicon Valley accelerator, has backed Watsi, a new healthcare model that crowdfunds each patient’s treatment with the belief that 20-40% of all healthcare spending is wasted.
With the supposed transparency in this model, everything done for the patient is put online for review.
Problem is that hospital picks out only those patients that can be treated for $1500 or less, so its costs are contained.
What happens to the sicker patients?