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Alexis Ohanian: Healthcare inequality in the US is ‘jarring’



alexis ohanian
Reddit cofounder Alexis Ohanian was jarred by the
different levels of healthcare between the rich and


  • Reddit cofounder Alexis Ohanian says he was
    surprised to learn that rich Americans have access to much
    better healthcare than the average
  • In a recent YouTube episode with Chelsea
    Fagan of the Financial Diet, he said he’s learned that there’s
    a whole different world of healthcare for rich people, from
    private medicine to hospital tiers, and it’s “jarring.”
  • He also finds said the financial products the rich are
    offered compared to everyone else makes his “head spin.”

There are some major differences between
those who have money and those who don’t.

In a recent YouTube episode with Chelsea Fagan of
The Financial Diet,
Reddit cofounder Alexis
was asked what he thinks people with money know that
people without money don’t know. The episode was sponsored by
Empower, a mobile banking app
that’s backed by Ohanian’s venture capital firm, Initialized

“I thought I’d be handed like a book when [I made money] …like
the book of sh– only rich people know,” he said. “I never got
this, and I still am learning things and it’s amazing and I know
I’m going to be continuing to be learning stuff, and I’m going to
be continuing to scratch my head and wonder how is it possible
this whole other world exists.”

Ohanian said one of the most “frightening” things he’s learned
since having money is that wealthy people have better access to
quality healthcare.

Ohanian explained that he was raised with the assumption that all
healthcare and all hospitals are basically the same — that
there’s not a big difference, and people just go to the hospital
near them.

Read more: Reddit co-founder Alexis Ohanian
says he wants to teach his and Serena Williams’ daughter to code:
‘She already has 3 laptops’

“Only in recent years as I’ve had to encounter the stuff for
loved ones and have I had people who have obscene wealth,
relative to my own — very wealthy and old money wealth — have I
learned there’s a whole other world, from concierge medicine and
private medicine to very different tiers of hospitals and quality
of care,” Ohanian said. “And I literally never even heard of
these before, let alone walked into them or seen them and now
that I have, it is jarring.”

He continued: “I think that’s one of those things that if we all
as a public understood, really understood the difference, I think
folks would be even more upset than they already are about the
quality of healthcare in this country, because it is staggering.”

Ohanian said this realization “shook” him because it made him
rethink the care his loved ones received years ago when they
weren’t aware of the differences and didn’t have access to better
healthcare financially. Now, he said, it’s a priority to him as a
husband and a father to get the very best healthcare. 

“My wife and daughter are going to have access to things I never
even dreamed of,” Ohanian said, speaking of wife Serena Williams. “I
didn’t think it was that different, but it turns out it is.”

But that’s not the only difference he sees when it comes to the
wealth divide.

“The same way the difference in medicine makes my head spin, the
difference in financial products is along the same lines,”
Ohanian said, referencing a high-net-worth person’s relative ease
of qualifying for a loan, for instance, compared to the average

He continued: “And it’s subtle, these are very subtle things, but
they add up a lot, especially when you think of the implications
it has in the rest of the country, the rest of world.”

Business Insider Intelligence Exclusive FREE Report: The 5 Ways AI Will Change U.S. Healthcare

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