Archive for the 'Healthcare Marketplace' Category
I have the distinct pleasure of owning and advising many startups that have received “Terms Sheets” from would be investors. Some are good, some are bad, and then there are some have hidden catches that make you lose millions. It all depends on how badly the investor wants your stock or product. I’ll be the [...]
While I am a free market enthusiast, especially for healthcare, this is completely wrong headed because it is about insurance, not healthcare. That is like making a free market for parenting services. You would never entrust the raising of your children to a big company or a government, so why would you do this for your health? Time and again, insurance companies have shown that they don’t really care about keeping us healthy, they just want to minimize cost and maximize premiums. Similarly, while I trust the government’s intentions, it is too big of a job for any government to tackle. Healthcare oversight, payment, and management is a responsibility we should not delegate to anyone, just like the rearing of our children.
Keynsian economics (free markets) on a treatment, visit, diagnosis, or procedure level does make sense though because it keeps the patient involved and engaged in their own choices and keeps the feedback loop between care and cost short and uncomplicated. Insurance companies are like the Dickensian orphanages of healthcare, doing a poor job in bulk and with different priorities than real parents would have for the children.
When I first started FairCareMD, it was for my kids. I was looking for a dentist and found the information online or collected over the phone useful, but scattered and hard to compare. In the end I got lucky and found a dentist through a playdate my daughter had arranged, but this process highlighted a [...]
A few months ago, two timers came into our kitchen. I initially poopoo’d the ladybug, saying that it was imprecise, but cute, promptly picking up the many-buttoned Maverick. Five minutes later I had it working for the many pot meal I was in the midst of cooking, some of which became inedible due to my [...]