Congress Has Citizens Fighting Each Other To Crowdfund Their Healthcare

With high medical expenses for catastrophic illnesses being the single major cause of personal bankruptcies in the U.S., many sick people are turning to crowdfunding to help pay their medical bills.

But Mother Jones suggests that crowdfunding may be “fueling the inequities of the American health care system, not fighting them. And they are potentially exacerbating racial, economic, and educational divides.”

And those that have a better education, a better social network and higher income tend to receive higher donations than those that don’t.

Moreover, “(r)acial disparities also appear to be reproduced on crowdfunding sites, in large part because racial and economic inequalities often overlap.”

With the cutting of funding and support for the ACA, Congress now has citizens fighting each other to afford healthcare.

http://www.motherjones.com/politics/2018/01/go-fund-yourself-health-care-popularity-contest/

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 balance, Charity, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, discrepancies, Funding Portals, Legislative Intent, review, technology and tagged , , , , , , , , , , , , , , , . Bookmark the permalink.

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