How Bitcoin Can Fix The Cost of Healthcare with Dr James Wong

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In this thrilling episode of The Block Reward, host Scott Dedels sits down with Dr. James Wong to explore a radical paradigm: Bitcoin's potential to overhaul healthcare economics. With the rising costs of prescriptions and the daunting prospect of inflation, discover how Dr. Wong's revolutionary Bitcoin rebates through his startup, NiHowdy, offer a lifeline. Tune in to this episode and learn how a Bitcoin standard could lead to groundbreaking business models, affordability in healthcare, and combat the financial crises threatening our purchasing power—only on The Block Reward | Bitcoin For Beginners.

James Wong is the founder of NiHowdy, a prescription savings card that offers drug rebates in Bitcoin. He is a licensed pharmacist with experience in managing and operating skilled nursing facilities.

Topics Discussed:
Fiat economics and its negative impact on healthcare outcomes
Current economic conditions and the diminishing purchasing power
Bitcoin's usefulness in reducing out-of-pocket prescription costs
Inflated drug costs due to middlemen and complex money distribution, as well as the potential to reduce costs in industries like travel by eliminating middleman commissions
The lifecycle of drug pricing changes and impact on consumers
Industry pressure on pharmaceutical companies to raise drug prices
Influence of the inflation reduction act on drug pricing and rebates
Pricing discrepancies for medications across countries
Impact of inflated drug costs on US versus other countries
Broken money system and its influence on healthcare sustainability

Timestamps:
04:25 Bitcoin's role in healthcare delivery and challenges.
08:36 Middleman charges significant portion of pharmacy revenue.
11:30 Congress passes Inflation Reduction Act impacting drug costs.
15:05 Government-led grocery price fixing raises economic concerns.
17:21 Bitcoin's deflationary design offers long-term potential.
23:38 Fiat food degrades due to economic pressures.
27:16 Canadians facing suicide and depression linked to economics.
28:57 Drug rebates benefit all except the vulnerable.
35:12 Different drug prices by country, bitcoin's impact.
38:03 Middleman commissions could be replaced by bitcoin.
Episode Resources:

NiHowdy | Website
NiHowdy | YouTube
Dr. James Wong | LinkedIn

Keywords
Bitcoin standard, healthcare affordability, drug rebates, monetary policy, public health, financial crises, seed oils, healthcare costs, healthcare inefficiencies, healthcare monopolies, prescription savings card, Blockrewards, employee benefits, Bitcoin lightning network, transaction fees, middleman industry, drug pricing disparities, inflation reduction, hyperinflation, Orange Pill Club podcast, Nehaudy startup, pet prescriptions, travel industry, pharmaceutical companies, shareholder value, free market intervention, grocery price fixing, food inflation, deflationary currency, treatment vs. cure incentives.

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