Monday, June 5, 2017

Episode 192, CashDoc: Eating the dinosaur eggs of Big Medicine

Big Medicine must be destroyed.  And CashDoc is just the thing to destroy it.

CashDoc is a little bit like Uber for the medical business. CashDoc connects people who need medical care with medical care providers ready to serve them.

With today's high "insurance" premiums, and super-high annual deductibles, millions of people are spending their own cash on their own medical care. And those costs have gone up up every year, year after year, for decades.

CashDoc blows up the expensive
"confuseopoly" of Big Medicine, and brings the advantages of open markets and transparent pricing to the little guy, the average individual or family consumer of medical care.  At the same time, doctors and other medical practitioners can focus on caring for patients while avoiding the costly bureaucratic thicket of Big Medicine.

Combine CashDoc with a cost sharing mechanism--medical "assurance"--from organizations such as Samaritan Ministries, and you have the advantages of an open market coupled with affordable protection against unforeseen medical expenses including emergencies.  

It's too bad that CashDoc doesn't exist today, but it's an idea whose time has come, so it's all but inevitable that someone will make it happen. When they do, we will have a viable alternative to the super-high costs and crazy incentives of Big Medicine (hey, it's December, and you've finally burnt through your sky-high deductible, how about we operate on that shoulder that's been bothering you?)

Give this show a listen, and let me know if you're ready for CashDoc.  I am!

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