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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsAmazon, JP Morgan, & Berkshire Hathaway to Create New Healthcare Company for Their US Employees
https://secondnexus.com/news/amazon-jp-morgan-berkshire-hathaway-create-new-healthcare-company-us-employees/?utm_content=inf_677_1164_2&tse_id=INF_c86d252005d111e8ae24f1904b59aaadThis could be a game changer.
By Amelia Mavis Christnot, January 30, 2018
In a move rumored for years, Amazon announced plans to delve into the healthcare market. Jeff Bezos, CEO of Amazon.com, teams up with financier Warren Buffet, CEO of Berkshire Hathaway, and Jamie Dimon, CEO of JP Morgan Chase, to create a company to help their U.S. employees obtain quality care at a reasonable cost.
"The ballooning costs of (health care) act as a hungry tapeworm on the American economy. Our group does not come to this problem with answers. But we also do not accept it as inevitable. Rather, we share the belief that putting our collective resources behind the countrys best talent can, in time, check the rise in health costs while concurrently enhancing patient satisfaction and outcomes, Buffett said in a prepared statement.
Details regarding the new healthcare company were scant as the venture is still in the planning phase, but the business leaders announced technology as the initial focus. The new company will be independent of traditional insurance or healthcare systems and free from profit-making incentives and constraints.
The announcement made no mention of expanding the company beyond employees of the three corporations founding it. However, JPMorgan Chase Chairman and CEO Jamie Dimon said, our goal is to create solutions that benefit our U.S. employees, their families and, potentially, all Americans.
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Amazon, JP Morgan, & Berkshire Hathaway to Create New Healthcare Company for Their US Employees (Original Post)
fleur-de-lisa
Jan 2018
OP
Clarity2
(1,009 posts)1. I think it's valient of them
and a step in the right direction. We still need to take the "profit" out of healthcare though. Drugs especially. If anyone saw Dirty Money and the people with Wilsons Disease paying $20k+ a month for a drug (that use to cost $1 a pill) that keeps them alive and has no alternative? Please, it's disgraceful and outrageous.
NightWatcher
(39,343 posts)2. I've got Amazon Prime, can I get in on some of that insurance?
fleur-de-lisa
(14,615 posts)3. #MeToo
IronLionZion
(45,261 posts)4. I'd love to see what they have in mind
As Amazon especially has a history of radically disrupting traditional ways of doing things.