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Amazon gets into healthcare with Warren Buffet and JPMorgan
Yahoo.com ^ | 01/30/2018 | Steve Dent

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 ...


TOPICS: Chit/Chat; Health/Medicine
KEYWORDS: insurance; obamacare
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This is a big story and one that may impact the stock markets today. I'm not that smart, but looks like the private sector is stepping in to fix the broken health care system.
1 posted on 01/30/2018 6:24:44 AM PST by WeWaWes
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To: WeWaWes

Amazon, and at this stage in his life, Buffett, might do things for social benefit and little profit, but not JP Morgan.


2 posted on 01/30/2018 6:27:29 AM PST by Pearls Before Swine
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To: WeWaWes

I guess that the next version of Alexa will perform proctology exams.


3 posted on 01/30/2018 6:27:42 AM PST by Army Air Corps (Four Fried Chickens and a Coke)
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To: WeWaWes
but looks like the private sector is stepping in to fix the broken health care system.

That assumes facts not in evidence yet.

Trust but verify. :-)

4 posted on 01/30/2018 6:28:49 AM PST by mewzilla
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To: WeWaWes

If Bozos is involved it’s got to be a scam . He’s probably out to collect souls.


5 posted on 01/30/2018 6:30:00 AM PST by GrandJediMasterYoda (The remoulade was a trifle tart, but the souflee for dessert more than made up for it.)
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To: WeWaWes
"Amazon has just took ..."

Seriously?

6 posted on 01/30/2018 6:30:42 AM PST by Paine in the Neck ( Socialism consumes EVERYTHING!)
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To: Paine in the Neck

Street talk, while loudly chewing gum, I guess.


7 posted on 01/30/2018 6:36:58 AM PST by jeffc (The U.S. media are our enemy)
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To: WeWaWes

They are doing this for their own employees.

And I imagine Trump’s rules and regulations have allowed it.


8 posted on 01/30/2018 6:39:05 AM PST by Moonman62 (Make America Great Again!)
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To: WeWaWes

This will not end well for us.


9 posted on 01/30/2018 6:39:29 AM PST by caligatrux (Rage, rage against the dying of the light.)
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To: WeWaWes

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.


10 posted on 01/30/2018 6:41:04 AM PST by VanDeKoik
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To: Paine in the Neck

“tooken”


11 posted on 01/30/2018 6:42:08 AM PST by cincinnati65
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To: jeffc

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.


12 posted on 01/30/2018 6:42:48 AM PST by WeWaWes (When I look in the mirror I see an elephant--a bad ass elephant)
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To: Pearls Before Swine

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.


13 posted on 01/30/2018 6:46:37 AM PST by antidisestablishment ( Xenophobia is the only sane response to multiculturalismÂ’s irrational cultural exuberance)
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To: Moonman62

“...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.


14 posted on 01/30/2018 7:08:11 AM PST by lgjhn23 (It's easy to be liberal when you're dumber than a box of rocks.)
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To: lgjhn23

The market may also be anticipating other companies doing the same thing.


15 posted on 01/30/2018 7:30:01 AM PST by Moonman62 (Make America Great Again!)
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To: Moonman62

“...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.


16 posted on 01/30/2018 7:36:47 AM PST by lgjhn23 (It's easy to be liberal when you're dumber than a box of rocks.)
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To: lgjhn23

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.


17 posted on 01/30/2018 7:42:27 AM PST by Moonman62 (Make America Great Again!)
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To: Moonman62

“...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.


18 posted on 01/30/2018 7:49:36 AM PST by lgjhn23 (It's easy to be liberal when you're dumber than a box of rocks.)
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To: WeWaWes

The Amazon healthcare rumors have been swirling for months. It looks like they’re making a trial run.


19 posted on 01/30/2018 8:04:15 AM PST by IronJack (A)
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To: WeWaWes

“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?


20 posted on 01/30/2018 8:07:08 AM PST by Professional
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