Summary of The Real Peril Of Crowdfunding Health Care
On who gets funded — and who gets left behind.
Crowdfunding to cover health care costs is like an ambulance waiting at the bottom of the cliff.
Health care costs are a leading cause of bankruptcy in the United States. Burdened with a health crisis and a pile of medical bills, some Americans resort to online crowdfunding – a method of raising money by asking a large number of people to make small donations. But as social media expert and culture writer Anne Helen Petersen explains, allowing philanthropically inclined donors to decide who gets help and who doesn’t isn’t a viable way to help the most vulnerable people in society. getAbstract recommends Petersen’s thought-provoking article to policy makers, philanthropists and social justice advocates.
In this summary, you will learn
- Why crowdfunding favors certain people over others,
- Why digital skills and a strong social network are prerequisites for a successful crowdfunding campaign, and
- How crowdfunding websites fail to address the underlying problems that cause many American bankruptcies in the first place.
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