Cardano’s Hoskinson Declares U.S. Healthcare ‘F***ed,’ Advocating for AI and Blockchain Solutions

The founder of Cardano, Hoskinson, is dedicating $200 million to establish a Wyoming clinic aimed at reforming the healthcare system through AI and blockchain technology.

Key Insights:

• Hoskinson’s clinic in Gillette, Wyoming, serves 15,000 patients and runs on a patient-first, pay-if-you-can model.
• He believes the U.S. healthcare system is incentivized towards chronic illness.
• Innovations like AI and blockchain could foster more personalized and scalable care.

Charles Hoskinson, known for founding Cardano and as an early co-founder of Ethereum, asserts that the U.S. healthcare system is operational but problematic, stating, “Healthcare is just messed up in America. It’s just messed up. Everybody knows it’s true.” During an interview at the Rare Evo conference in Las Vegas, he emphasized the system’s structural flaws, claiming, “Yet they all try to continue making the system go because it’s just too profitable.”

Driven by these challenges, Hoskinson is investing significantly in healthcare reform. His clinic serves roughly one-third of Gillette’s population and is based on a model that prioritizes patients over fees.

Hoskinson’s major focus is overhauling how doctors are compensated, suggesting, “All the financial incentives are just horrible and wrong inside healthcare.” He criticizes the system that pays doctors uniformly, regardless of the patient’s specific needs.

His vision for the clinic involves a patient-centric approach, integrating AI to enhance care without replacing healthcare professionals. He sees AI’s potential as an ally in practice, capable of assisting in healthcare delivery and decision-making.

To underline the revolution he envisions, Hoskinson mentioned the prospective utilization of blockchain for secure patient data management while ensuring privacy through techniques like selective disclosure.

He is also pressing for a detailed policy reform regarding health insurance to serve crucial needs rather than being reactive. Despite resistance from traditional systems, Hoskinson remains committed to this transformative journey, viewing it as part of his legacy and a significant step for American healthcare.

“I put $200 million of my own money into my clinic. I legitimately want to solve this problem; it’s my legacy, my family’s legacy, and it’s also the single most important thing in America.”