Posted on 02/01/2018 4:10:06 PM PST by Joe Dallas
Amazon has disrupted fashion, books, furniture, food, cloud-based storage services, and much else besides. Now, it’s coming for one of the biggest, most complex industries in the US: healthcare.
Today (Jan. 30), Amazon, Berkshire Hathaway, and JPMorgan announced a vague but market-moving plan to launch an independent company that will offer healthcare services to the companies’ employees at a lower cost. The venture, which will be managed by executives from the firms, will be run more like a non-profit, than a for-profit entity.
The market value of 10 large, listed health insurance and pharmacy stocks 1 dropped by a combined $30 billion in the first two hours of trading. At the time of writing, insurer MetLife was the hardest hit, down nearly 9% for the day.
(Excerpt) Read more at finance.yahoo.com ...
“Bezos spews his liberal bs though”
There is more in this package than Bezos. Anyway, maybe he’s a liberal but if he and his partners can help with medical costs let’s wish him the best.
JPMorgan = Soros.
No. I want MORE players in the market. I don’t like monopolies.
Socialism. If you can’t afford something you can’t have it.
As others have said better in this thread, competition is always good. The players in this particular company are worthy of constant scrutiny. They’ve each demonstrated corrupt intentions in most every venture they pursued.
Coupled with today's story that Amazon will track employees via wristbands, they will soon be able to deny medical treatments because the tracking shows too many trips to the breakroom snack area.
Isn’t this just self insurance which is a concept that has been around for a few centuries?
Not too much of one though, because the stock has almost doubled in the last year.
Buffet is evil too.
This is going to get interesting.
We were at a friends home, recently, and we asked Alexa if she spied on us.
The reply: You will have to read Amazon’s Privacy Policy, for a complete answer....blah, blah, blah.
In other words....
Most companies can’t afford to self insure.
But, then....most companies don’t have the deep pockets/$$$$ of Amazon/Berkshire.
A non profit more than a profit? What the heck is that? In my days we called them mutuals, but, whatever, this looks like a political corporate scam from the wording get go.
I barely ever use Amazon. I buy mostly gun stuff and I do not know what the heck is the appeal of Amazon. It is a bunch of junk to me.
It looks to me they want to make a non profit health care giant much like the Federal Reserve is contracted by government. I am smelling a giant tax payer sucking sound in the making. Buffet is the epitomy of the rich guy getting rich because of his government contracts and politicking buying seats in congress.
Agreed.I live in a small rural town with a hospital that has 6 seats in the emergency room,a cancer center,5 pharmacies and one grocery store.something good needs to happen and I hope this is it.
“something good needs to happen and I hope this is it.”
I think there’s enormous room for medical cost reduction. The medical industry is another swamp that needs to be drained.
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