Crowdfunding Medical Costs Grows Exponentially

Will we become a society of Blanche DuBois-es when it comes to our medical bills under the Republican health care legislation?

It seems so, as Bloomberg notes that: “Crowdfunding platforms such as GoFundMe and YouCaring have turned sympathy for Americans drowning in medical expenses into a cottage industry.”

Medical crowdfunding on GoFundMe accounted for $930 million of the $2 billion raised in 2016.

So, here’s America’s choice: (i) everybody pays something to care for all; (ii) you pay $10 for an aspirin to cover the guy without insurance; or (iii) we become a society of beggars who have to rely on the kindness of strangers.

Crappy choices, but which one is best for the general good of society?
https://www.bloomberg.com/news/articles/2017-06-12/america-s-health-care-crisis-is-a-gold-mine-for-crowdfunding

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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, Jobs, Small Business, technology and tagged , , , , , , , , , , , , , , , . Bookmark the permalink.

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