Posted on 01/30/2018 6:24:44 AM PST by WeWaWes
Amazon has just took a surprising turn into the healthcare industry, teaming up with investing hero Warren Buffet and New York-based bank JPMorgan Chase, the Washington Post reports.
(Excerpt) Read more at yahoo.com ...
Amazon, and at this stage in his life, Buffett, might do things for social benefit and little profit, but not JP Morgan.
I guess that the next version of Alexa will perform proctology exams.
That assumes facts not in evidence yet.
Trust but verify. :-)
If Bozos is involved it’s got to be a scam . He’s probably out to collect souls.
Seriously?
Street talk, while loudly chewing gum, I guess.
They are doing this for their own employees.
And I imagine Trump’s rules and regulations have allowed it.
Have no issue if these companies created something with their own money to serve a market that wants it. Cheap insurance, a “chain” of hospitals and health clinics, generic drugs, patent-free medial products. Whatever floats their boat.
I personally dont think I would ever use anything produced by Amazon in this sector though.
“tooken”
More than street talk. Amazon has been rumored to be getting or attempting to get into the pharmacy business. Rumors were recently around that they had targeted Rite Aid drugs for a buy because RAD has a pharmacy license in nineteen states that could be instantly transferred to Amazon. Getting a pharmacy license is difficult and done in each state which makes this a huge undertaking for Amazon. I think more than street talk.
Buffett should be in prison for his fraudulent listing of mortgages. He’s an evil crook and a consummate insider. He’s as good for society as the plague.
“...They are doing this for their own employees....”
Correct. Everyone thinks they’re doing it for ALL of society and public for no profit...they’re not. It’s just for their employees. Drug store stocks, like CVS, Rite-Aid, etc. are all taking a hit in the market, but once everyone figures out that it’s just for their employees, it will settle out. Now, IF they bought out Rite-Aid, that’s a different deal. They would then have “brick & mortar” outlets, on-line outlets, etc....yeah, that would be a BIG deal.
The market may also be anticipating other companies doing the same thing.
“...The market may also be anticipating other companies doing the same thing....”
True. But it takes big money and a lot planning & staff to do it. Many are not in that position like these guys are. OTOH, I think we may see more mergers like the CVS & Aetna deal though.
Another possibility is other corporations could join the Amazon group. Any way I look at it this is going to put pricing pressure on health insurers. They will be forced to offer better value if the Amazon group is successful. I see it as good for the consumer, though.
“...Another possibility is other corporations could join the Amazon group. Any way I look at it this is going to put pricing pressure on health insurers. They will be forced to offer better value if the Amazon group is successful. I see it as good for the consumer, though....”
Generically speaking: anytime there is pressure in the form of “competition” regardless of the industry, it’s usually benefits of the end user/consumer. I believe you’re correct in this specific instance. However, I personally have a BIG distrust for these sleaze balls. We’ll just have to wait/see how it plays out. These guys are into making money, benefitting society is an unintended consequence to them, IMHO.
The Amazon healthcare rumors have been swirling for months. It looks like they’re making a trial run.
“Investing Hero”... What kind of pure nonsense is that? And JPM, a company that has been fined over and over and over and over again for fraud by every regulatory body in the country for the last decade or more?
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