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GoFundMe CEO: One-Third of Site's Donations Are to Cover Medical Costs (time.com)

submitted 1 week ago by BrikoX@lemmy.zip to c/usa@midwest.social

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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.

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[–] halcyoncmdr@lemmy.world 8 points 1 week 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.