Healthcare Crowdfunding: Beware.

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?
http://www.businessinsider.com/y-combinator-experiment-universal-healthcare-2017-2

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About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
This entry was posted in Charity, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Funding Portals, Investments, review, SEC, Small Business, technology, VC, Venture Capital, Wall Street and tagged , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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