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Photo: Andrew Lichtenstein/Corbis via Getty Images

Crowd-funding sites like GoFundMe have become a critical part of the health care system — and GoFundMe’s CEO recognizes that that’s a bad thing.

By the numbers: GoFundMe sees more than 250,000 campaigns each year related to medical expenses. They account for about a third of the roughly $5 billion people donate through the site, according to Kaiser Health News.

What they’re saying: In an interview with KHN, GoFundMe CEO Rob Solomon made clear he is not thrilled about what this says for the U.S. health care system. Some highlights:

  • “I had no notion of how severe the problem is. You read about the debate about single-payer health care and all the issues, the partisan politics. What I really learned is the health care system in the United States is really broken. Way too many people fall through the cracks.”
  • “The system is terrible … there are people who are not getting relief from us or from the institutions that are supposed to be there. We shouldn’t be the solution to a complex set of systemic problems.”

Not everyone can launch a successful health care fundraiser. It often takes "medical literacy, social-media savvy and access to video-making equipment," as Marketplace noted last year.

  • The crowdfunding attempts that struggled the most came from people with “multiple and overlapping health and social crises” — the same people who often have the hardest time with the traditional health care system.

Our reliance on charity goes further, too. There’s a different charity, called R.I.P. Medical Debt, that buys up and pays off people’s medical debts. So far it has paid off $434 million — out of the $750 billion Americans owe.

The bottom line: Our health care system is … not great.

Go deeper: Surprise medical bills could be a powerful campaign issue

Go deeper

Senate confirms retired Gen. Lloyd Austin as defense secretary

Photo: Greg Nash-Pool/Getty Images

The Senate voted 93-2 on Friday to confirm retired Gen. Lloyd Austin as secretary of defense. Sens. Mike Lee (R-Utah) and Josh Hawley (R-Mo.) were the sole "no" votes.

Why it matters: Austin is the first Black American to lead the Pentagon and President Biden's second Cabinet nominee to be confirmed.

House will transmit article of impeachment to Senate on Monday, Schumer says

Photo: Drew Angerer/Getty Images

Senate Majority Leader Chuck Schumer (D-N.Y.) announced that the House will deliver the article of impeachment against former President Trump for "incitement of insurrection" on Monday.

Why it matters: The Senate is required to begin the impeachment trial at 1pm the day after the article is transmitted.

Dan Primack, author of Pro Rata
2 hours ago - Politics & Policy

Private equity bets on delayed tax reform in Biden administration

Illustration: Brendan Lynch/Axios

In normal times, private equity would be nervous about Democratic Party control of both the White House and Congress. But in pandemic-consumed 2021, the industry seems sanguine.

Driving the news: Industry executives and lobbyists paid very close attention to Treasury Secretary nominee Janet Yellen's confirmation hearings this week, and came away convinced that tax reform isn't on the near-term agenda.