The following is a reflection on my year of CrowdHealth expenses. For this review, I added up how much I paid for the member fee and member contribution. I found the bitcoin price on the day I was billed each time (using timechain calendar) and calculated how many sats I could have purchased instead of this service. I then added up the total sats I could have accumulated over the year.
Is CrowdHealth worthwhile?
For the year of 2024 I spent a total of $1,624.20 on CrowdHealth. In addition I paid a $900 penalty to my state for not having health insurance. This totals $2,524. I personally required no community crowdfunding for any events. Anything I needed (very small things like a finger infection visit), I paid out of pocket for as it did not qualify as an event which qualified community funding. If I had purchased bitcoin at the time of these bills I would now have 2,569,789 sats. Sats/USD today = $2,526.
Trends
Starting in June of 2024 the monthly crowdfund contribution went up considerably. I previously had a discount code to keep this cost lower. Now that it expired, it appears I will be paying a crowdfund contribution close to $120 per month. In addition the member monthly fee is going up to $55 per month in 2025.
Final thoughts
If I had saved my 2024 satoshis in a rainy day cold storage healthcare fund and instead gone with no health coverage at all, I do not believe the value of those satoshis (now = $2,526) would be sufficient to cover a large out of pocket health event for myself without community funding. Based on my findings here, to me, crowdhealth is worthwhile.
Another consideration is the Swan bitcoin fund with CrowdHealth, it is unclear to me if this is still happening and how it works.
This remains a fiat minded way of doing things, it is difficult to exit the matrix completely without some intermediaries. Please comment and share if you have any differing opinions or other ways of viewing this information.