REPLAY: When Did Crowdfunding Healthcare Become The Norm? with Nora Kenworthy

Bad With Money With Gabe Dunn

Gabe Dunn | Diamond MPrint Productions

Business, Careers, Investing, Education

4.6 • 2.6K Ratings

🗓️ 24 December 2024

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

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Summary

Original Air Date: June 4, 2024

Nora Kenworthy has been studying crowdfunding for 10 years and her new book explores the true costs of using it for medical expenses. What sorts of people trust websites vs. show up in person vs. rally politically and when did that all change? What do we owe each other? Our online identities have become defined by where we give money on the Internet. Plus, what the right and left both get wrong about critiquing campaigns and how crowdfunding includes a huge loss of privacy.

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Transcript

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0:00.0	You got problems that you ought to be concerned with.
0:03.0	Hula!
0:04.0	You don't know how you're supposed to earn it or what to do with it or how to keep it.
0:08.0	You're a freak with a dark, shameful secret.
0:10.0	But you're not the only one.
0:13.0	Keep your hidden financial fears with a blast of sun.
0:16.0	Now your healing has begun.
0:19.0	It's bad with money with Gabe S. Dunn.
0:24.7	Hello and welcome to Bad with Money, a show about finances and feelings where we don't talk down to you.
0:30.3	I'm your host, Gabe S. Dunn.
0:32.8	And with me today is Nora Kenworthy.
0:35.3	Nora, do you want to tell my audience who you are, what you do, and what your book is? Sure. Thanks for having me. My name is Nora Kenworthy. Nora, do you want to tell my audience who you are, what you do, and what your book is?
0:39.1	Sure. Thanks for having me. My name is Nora Kenworthy. I'm an associate professor in public health
0:44.1	at the University of Washington, Bottle. And my new book is called Crowded Out the True Cost of
0:49.1	crowdfunding health care. Yeah. So we've talked about this a little bit on the show. And I've discussed it in my book, but that was a while ago. So you've been studying crowdfunding for like 10 years, it says? Yeah. Oh my gosh. Why? Well, a lot of my research has been about the ways that people access and get involved in their own health care and what sorts of political consequences that has for us.
1:16.6	And many, many years ago when GoFundMe and other platforms were just getting started, I stumbled across some of these platforms and was really shocked by how many people were using them for medical purposes.
1:26.9	And so I started looking into it. And then it was like the research project that wouldn't die. And it kept
1:31.5	getting bigger and bigger. And so here we are. Do you know how people started using it for medical
1:37.4	expenses because it was used for like projects at first? Yeah. So I mean like platforms like
1:43.7	Kickstarter that were much more sort of project
1:45.8	oriented were kind of predated more charitable platforms like GoFundMe by a couple of years.
1:53.6	But pretty quickly on sites like GoFundMe, people started noticing that they were largely being used for emergencies,
	...

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