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fleur-de-lisa

(14,615 posts)
Tue Jan 30, 2018, 11:32 AM Jan 2018

Amazon, 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_c86d252005d111e8ae24f1904b59aaad

This 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 country’s 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
I think it's valient of them Clarity2 Jan 2018 #1
I've got Amazon Prime, can I get in on some of that insurance? NightWatcher Jan 2018 #2
#MeToo fleur-de-lisa Jan 2018 #3
I'd love to see what they have in mind IronLionZion Jan 2018 #4

Clarity2

(1,009 posts)
1. I think it's valient of them
Tue Jan 30, 2018, 12:23 PM
Jan 2018

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.

IronLionZion

(45,261 posts)
4. I'd love to see what they have in mind
Tue Jan 30, 2018, 03:57 PM
Jan 2018

As Amazon especially has a history of radically disrupting traditional ways of doing things.

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