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.

who’s the fairest of them all? Tonight the “Shorty” award ceremonies take place in New York.  Our friend and fellow Health 2.0 NYC leader Matthew Browning is up for an award so I was inspired to list out who would win an award for being the “Fairest” of them all (and hey, if anyone can [...]

Here it is, the big grey mammal sporting the long nose and floppy ears: Third party involvement is too expensive and causes real damage by removing the decision makers from the decisions. No one wants to talk about this basic problem with the current system.  When twice as much premium goes to marketing, lobbying, administration, [...]

Demonstration of how FairCareMD helps patients get care at a reasonable price and doctors can be paid well too AND the new and improved offers!