Cobi Blumenfeld-Gantz

@Austen bull case for @ereborbank

Bank website: "I notice you're trying to send a multi million dollar wire. I've blocked your ability to copy/paste. I would like to inject the small possibility of human error into this transaction."

In this morning's AI Agenda, I chat with @CobiBGantz about his startup Chapter, which uses AI to help seniors navigate the Medicare enrollment process. The company has recently landed a $3 billion valuation. theinformation.com/newsletters/ai…

new World of DaaS pod with Chapter CEO @CobiBGantz on why medicare was more broken than you think (and hopefully is not getting better): * 24,000 plans across the country * $100B+ annual fraud * lifetime penalties for missing enrollment * CMS keeps hiring Accenture (despite knowing it will fail)

@mandrusko1 @mandrusko1 super interesting. would love to hear how your time working @PalantirTech informed your thoughtful perspective.

You can have a billionaire cofounder like Vivek Ramaswamy, have Peter Thiel and JD Vance on the board and still struggle to fundraise if investors disagree with your thesis of the problem and your vision. Well in some cases it does happen, not always. Cobi on fundraising dynamics: @CobiBGantz @askchapter

Around 11,000 Americans are retiring every single day for the next 10 years. 60m people in the US are retired. Medicare is one of the biggest problems among this community, there are 100s of providers and choosing the wrong one could either mean losing thousands of dollars or your life (I think Cobi quoted a report citing ~20% fatality on choosing the wrong provider). If your parents are not in that age group yet, you probably haven’t started thinking about this but it is one of the biggest and most underserved markets in the US. The opportunity is not to just help senior citizens with Medicare, the opportunity is to redefine what retirement means for people over the age of 65. My maternal grandfather retired at the age of 82 and was one of the healthiest and fittest people up until then. Your health cannot be wholly defined by your diet and exercise routine, purpose in life plays an equal if not one might argue a bigger role. In my day job I work with Tim Draper, his dad Bill Draper who I met a couple of years ago was going to office twice a week at 95 years of age. Charlie Munger did the Berkshire Annual Shareholder meeting with Warren Buffett at 99. If you can figure out a way to give purpose to people over 65 and activate them that is ~23% of the US population by 2050. What impact could that have on the GDP? I will leave that for you to imagine. You probably have an uncle, grandparents or parents where you can see the difference between the ones who hang up their boots and the ones who never retire. There is something about the keeping your brain active which is more meaningful in many ways then even your diet or gym routine. In our last episode we had Colin Greenspon on the show who started Narya Capital. Narya is an early investor in Chapter, cofounded by Cobi Blumenfeld-Gantz and Vivek Ramaswamy. JD Vance and Peter Thiel were on the board of the company and maybe that is why the company is widely misunderstood or MAGA labelled, hear from the CEO Cobi on the masterplan of Chapter. My conversation with Cobi is his first long form podcast and it is one of the best ones I have recorded so far. He was incredibly candid and insightful as we got to dive into his time at Palantir where he spent 5 years, why he chose to go after the ~60m seniors (aged above 65) in the US to make Medicare easier for them, utility of AI in its current state, recruiting talent and some common myths in business. @CobiBGantz @askchapter @VivekGRamaswamy @NaryaVC @ColinGreenspon

Ep. 11 with @CobiBGantz out now:

There’s a lot of misinformation out there about Medicare, @askchapter, and my prior experience at @PalantirTech. Appreciated the opportunity to set the record straight with @donlemon__. youtube.com/watch?v=-FypuN…

Palantir isn’t just a company - it’s a founder factory. @CobiBGantz and I dig into @PalantirTech's unique culture and unpack the key ingredients that make it so: 1. Uncompromising Talent Bar 2. Mission Orientation 3. Forward Deployed Engineering: Deliver Outcomes, Not Software 4. Seek Truth: Solve Real Problems, Not Shiny Ones 5. Define a Shared Enemy: United The Team 6. Flat Structure: Direct Access To Leadership 7. Radical Transparency: Learn From Everything Link to full article in comments👇

@Avik @Forbes @Avik That's not quite how Medigap plans work. Let me know if you want to chat -- happy to provide a primer.

My latest at @Forbes: CMS’ Medicare Advantage Payment Cuts Come With Risks forbes.com/sites/theapoth… $UNH $HUM $CVS

Tomorrow, I’m testifying before the US Senate Finance Committee to advocate for data transparency and a crackdown on deceptive practices in Medicare enrollment. We’ve learned a lot in our fight to provide consumers with good advice. Tune in at 10am EST: finance.senate.gov/hearings/medic…

Almost 1 in 3 older adults use brokers & agents to choose their Medicare coverage nowadays. We asked brokers & agents about 1) their financial incentives and 2) challenges they see beneficiaries facing in their coverage decisions. Here's what they said: commonwealthfund.org/publications/2…

This is spot on. We see this all the time and one of the many reasons we started Chapter: to stop these types of slimy practices in Medicare.

@damirbecirovic @EverettRandle 👌

Scams against the less tech literate (eg the elderly) are going to get so wild in coming yrs. If grandparents are already wiring $ to scammers in response to low-quality impersonation calls, what happens when they answer a realistic FaceTime that’s a deepfake of their grandkids?

An interesting case, for those who missed it over the holiday. The case - 1. Shows how employers can shift costs by enrolling retirees in Medicare Advantage plans --$600M in savings to NYC, each yr 2. Raises Qs about retirees' rights to choose between MA and traditional Medicare

Anyone know of an API to check Medicaid status?

Overheard: Medicare 'expert' telling someone to sign up for Medicare ASAP to lock in their rates.🙃