He Started His First Company at 17 - and Turned Down $12 Million for It at 19
Briefly

He Started His First Company at 17 - and Turned Down $12 Million for It at 19
"“The same transparency issues that inflate drug prices are inflating Medicare costs,” Holm says. “Insurance brokers are paid more to push certain plans regardless of patient fit, and seniors have no easy way to know that's happening. We're fixing the information gap.”"
"The platform saves the average agent 950 hours a year by automating key workflows such as plan comparisons and member retention. Seniors access the service for free, with the choice of an AI or human-assisted process."
"Holm describes CheckRx as “the infrastructure for what Medicare will look like next” - turning CMS data into actionable decisions and automating back-end processes so the focus can stay on the people."
"“Agents love being able to talk to seniors; they love the human part,” he said. “We do the boring stuff and let them focus on the people.”"
The U.S. Medicare system loses tens of billions annually because seniors often select suboptimal plans in a complex environment. Augustus Holm first saw the problem firsthand at age 13 while helping his grandmother sort through extensive prescription paperwork. CheckRx is an AI-native Medicare platform that makes Medicare legible by turning CMS data into actionable decisions. The platform addresses transparency issues that can inflate costs, including incentives that steer plan recommendations regardless of patient fit. CheckRx automates plan comparisons and member retention, saving agents about 950 hours per year. Seniors can use the service for free with either AI or human-assisted support, while agents focus on conversations with people.
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