this post was submitted on 15 Dec 2024
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GoFundMe CEO: One-Third of Site's Donations Are to Cover Medical Costs (time.com)
submitted 3 days ago by BrikoX@lemmy.zip to c/usa@midwest.social
19 comments fedilink hide all child comments
 

According to a new report from Gallup, uninsured rates in the U.S. have reached a four-year high

Older article from 2019, but kind of relevant today.

top 19 comments
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[–] Justas@sh.itjust.works 1 points 1 day ago

Luigi Mangione meets the CEO of Gofundme, gives him a hug and a cookie.

[–] Nougat@fedia.io 66 points 3 days ago (3 children)

It's crowdfunded insurance. Because actual insurance fails.

[–] Justas@sh.itjust.works 2 points 1 day ago

Actual insurance could work if it was handled by a nonprofit. Or, you know, the government.

[–] clutchtwopointzero@lemmy.world 10 points 3 days ago (1 children)

Whi is the failure of actual insurance not seen as criminal contractual fraud?

[–] gravitas_deficiency@sh.itjust.works 7 points 3 days ago* (last edited 3 days ago)

Because they write the contracts on the policies VERY carefully such that it’s NOT a breach of contract. There are armies of lawyers whose job it is to make that a thing. It’s 100% legal and above board.

Also, lobbying.

Also also, regulatory capture.

Also also also, profit über alles 🫡

[–] halcyoncmdr@lemmy.world 8 points 3 days ago

Actual insurance is crowdfunded as well depending on how you look at it. The premiums provide the funds for claim payment, the profit is pulled from that by denying as many claims as possible.

[–] Etterra@discuss.online 22 points 3 days ago (1 children)

So what they're saying is that GoFundMe has a financial incentive to help maintain the healthcare industrial complex as-is. Got it.

[–] p03locke@lemmy.dbzer0.com 6 points 3 days ago

CEO wouldn't be announcing this if he didn't want it to change. They can always fundraise some other thing.

[–] danekrae@lemmy.world 31 points 3 days ago

That's just universal healthcare with extra steps!

[–] ramsorge@discuss.online 18 points 3 days ago

Haha and another third are probably legal fee based. And yet they pull Luigi off it

[–] turmacar@lemmy.world 16 points 3 days ago (1 children)

Was expecting this again. Still relevant.

[–] theyllneverfindmehere@lemmy.world 2 points 3 days ago

I'm glad someone beat me to posting this. Brennen is the best.

[–] nokturne213@sopuli.xyz 15 points 3 days ago

I am surprised it is that low.

[–] iamjackflack@lemm.ee 11 points 3 days ago (1 children)

Maybe it’s time for everyone to cancel insurance and just use go fund me as a giant healthcare pot for all

[–] metaStatic@kbin.earth 2 points 3 days ago

https://en.wikipedia.org/wiki/Friendly_society

edit: also maybe don't rely on yet another large corporation to keep your best interests in mind

[–] credo@lemmy.world 9 points 3 days ago (1 children)

They pulled the funding for concrete action on this matter.

[–] Dragon@lemmy.ml 1 points 3 days ago

Solving the problem would cut into their bottom line.

[–] 21Cabbage@lemmynsfw.com 7 points 3 days ago

Ah yes, the nations largest healthcare provider.

[–] glimmer_twin@hexbear.net 4 points 3 days ago* (last edited 3 days ago)

Fucking ~~Hell~~ America