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Amazon, Berkshire Hathaway and JP Morgan Chase to create health care company
WTOP News [Washington DC] ^ | January 30, 2018 7:26 am | Colleen Kelleher | @KelleherWTOP

Posted on 01/30/2018 5:00:31 AM PST by COBOL2Java

WASHINGTON — Amazon, Berkshire Hathaway and JPMorgan Chase & Co. will create an independent health care company that is “free from profit-making incentives” that will aim to reduce healthcare costs for their U.S. workers.

The focus of the company will be technology solutions “that will provide U.S. employees and their families with simplified high-quality and transparent healthcare at a reasonable cost,” a news release says.

“The ballooning costs of healthcare 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,” said Berkshire Hathaway Chairman and CEO Warren Buffett, in the news release.

Chairman and CEO of JPMorgan Chase Jamie Dimon said the effort could potentially benefit all Americans.

“Our people want transparency, knowledge and control when it comes to managing their healthcare,” Dimon said. “The three of our companies have extraordinary resources, and our goal is to create solutions that benefit our U.S. employees, their families and, potentially, all Americans.”

(Excerpt) Read more at wtop.com ...


TOPICS: Business/Economy; Extended News; News/Current Events
KEYWORDS: 2ndamendment; abortion; amazon; assistedsuicide; banglist; berkshirehathaway; bezos; buffett; dimon; euthanasia; healthcare; jpmorganchase; nra; secondamendment
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1 posted on 01/30/2018 5:00:31 AM PST by COBOL2Java
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To: COBOL2Java
health care company that is “free from profit-making incentives”

Oh, like the VA or NHS?

SNORT.

No thanks.

2 posted on 01/30/2018 5:02:28 AM PST by mewzilla
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To: COBOL2Java

okay. best wishes and good luck with all that.


3 posted on 01/30/2018 5:02:32 AM PST by snarkytart
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To: COBOL2Java

“Our group does not come to this problem with answers.”


4 posted on 01/30/2018 5:02:59 AM PST by headstamp 2 (My "White Privilege" is my work ethic.)
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To: mewzilla
Note to Amazon employees: Incoming!!!
5 posted on 01/30/2018 5:03:56 AM PST by mewzilla
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To: mewzilla

Wasn’t there some restaurant in New England that tried the “free from profit-making incentives” business model a while ago?

Yeah, I think they went belly-up. LOL


6 posted on 01/30/2018 5:04:28 AM PST by COBOL2Java (Arguing with the left is like trying to reason with a crazy bum hearing voices)
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To: COBOL2Java

Amazon, Berkshire, JPMC employees are about to get a lesson in socialized medicine the hard way.


7 posted on 01/30/2018 5:07:34 AM PST by mewzilla
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To: COBOL2Java

All they have to do is be efficient. Most insurance companies are bloated and antiquated.


8 posted on 01/30/2018 5:09:28 AM PST by King Moonracer (Bad lighting and cheap fabric, that's how you sell clothing.....Dirty Bob Mueller)
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To: COBOL2Java

There were a lot of things I disagreed with about California.

But one thing I liked, was Kaiser Permanente. A very well operated Healthcare company in my view.

This sounds like a rival, of sorts. I wish them good luck with this effort.


9 posted on 01/30/2018 5:09:56 AM PST by cba123 ( Toi la nguoi My. Toi bay gio o Viet Nam.)
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To: mewzilla

When does Amazon and Berkshire give their employees the tax bonuses they deserve? Bezos and Big Mouth Buffet two cheapest people in business.


10 posted on 01/30/2018 5:11:10 AM PST by magua
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To: COBOL2Java; mewzilla

This would be an impressive act, if the CEOs, directors, and “ALL” staff at these sponsoring companies pledged to place their families under this plan.
   /color me waiting


11 posted on 01/30/2018 5:12:15 AM PST by ptsal ( Get your facts first, then you can distort them as you please. - M. Twain)
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To: King Moonracer

Insurance companies also have Fedzilla and 50 state regulatory agencies to deal with. Bloat is the least of their problems.


12 posted on 01/30/2018 5:12:18 AM PST by mewzilla
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To: COBOL2Java

Interesting, wish them well


13 posted on 01/30/2018 5:13:33 AM PST by onona (Replace Googling with the word "Websearching" - You'll feel better in minutes.)
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To: COBOL2Java

Good for them. Experimentation is necessary for innovation.


14 posted on 01/30/2018 5:15:23 AM PST by markomalley (Nothing emboldens the wicked so greatly as the lack of courage on the part of the good -- Leo XIII)
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To: COBOL2Java

Sweet! I cant wait to have a DR dropped at my house by a drone....


15 posted on 01/30/2018 5:18:01 AM PST by gnarledmaw (Hive minded liberals worship leaders, sovereign conservatives elect servants.)
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To: markomalley

Depends on the experimentation. For example, if the group needs federal subsidies and/or tax incentives to achieve their lofty goal, that’s not the kind of experimentation I want to see.


16 posted on 01/30/2018 5:18:25 AM PST by mewzilla
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To: COBOL2Java

Does medicaid cover the return fees and restocking charges when you send your doctor back?


17 posted on 01/30/2018 5:21:31 AM PST by gnarledmaw (Hive minded liberals worship leaders, sovereign conservatives elect servants.)
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To: COBOL2Java

Crony capitalism will play a HUGE part of their business model.
I’m sure quite a few elected officials have already been notified of the upcoming IPO.


18 posted on 01/30/2018 5:27:51 AM PST by Original Lurker
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To: mewzilla

I think this is great. And most likely they are taking advantage of Trump’s new regulations and laws.


19 posted on 01/30/2018 5:29:25 AM PST by Moonman62 (Make America Great Again!)
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To: gnarledmaw

“Sweet! I cant wait to have a DR dropped at my house by a drone....”

Um.. the drone is the DR.


20 posted on 01/30/2018 5:36:59 AM PST by EQAndyBuzz (Death of the MSM - "Because it is my show and I don't want to do that." Jake Tapper)
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