Posted on 01/30/2018 8:18:01 AM PST by caww
Amazon, Berkshire Hathaway and JPMorgan Chase & Co. have agreed to work together to provide healthcare for their employees that is "free from profit-making incentives and constraints."
The three companies are hoping to create a new healthcare company that they say will aim to improve employee satisfaction and reduce costs.
The companies provided few details of their plans in a release, and said they were still in the early stages of developing their initiative.
Todd Combs, an investment officer of Berkshire Hathaway; Marvelle Sullivan Berchtold, a managing director of JPMorgan Chase; and Beth Galetti, a senior vice president at Amazon, are working together to develop the new company. They haven't yet announced who will run the program for the long term or where it will be headquartered.
(Excerpt) Read more at washingtonexaminer.com ...
This is a big story that could pass beneath the radar of lots of folks, so, I’m glad to see it in multiples.
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A person can also post a comment on an existing thread in order to get it noticed. That way the same cognitive detritus doesn’t get repeated over and over again.
That goes for Mrs. Bezos a billionfold.
lol
I did a search.....and nothing came up....but even so it’s really a significant undertaking if other company groups come together and do likewise....we know Physician groups have formed their own Insurance groups so this is possible as well.
Like you I think this is something we’re going to see ‘dozens’ of threads about..rightly so..it’s soething worth following.
That’s an interesting take....something to also consider.
Well liberals want single payer and this would certainly carve into their numbers....which is what they always are looking at.....I think it’s an idea worth looking very closely at by companies.
Because these three have a history of doing things for the common good.
I have not doubt they can do healthcare better. It is a mess right now. But, don’t for a second believe that they are doing it to enhance anyone’s lives but their own.
Thank you for pointing that out, Nifter! I can't believe that so many people, including conservatives, allow those terms to be interchangeable.
Insurance pays for healthcare (if one purchases insurance). Lose insurance, and healthcare is still there. You just have to pay for it another way.
“They haven’t yet announced who will run the program for the long term “
Well.... Hillary is available. She’s really good with non-profits and she knows all about affordable healthcare.
Keep in mind who is involved, Warren Buffet and perhaps Charlie Mounger who have at their beck and call a lot of CEO’s of BH companies.
The minds are there, not leftwing academic yahoos but the sound minds of exceptional business men. The businessmen employees would think more like Friedman than Gruber.
Very interesting...
-—Insurance is not healthcare-—
That is true but totally misses the point. I would suggest that Buffet et al see Kaiser Permanente as their model. The organization in corporates insurance and all aspects of health care. It is not for everybody but it is for them.
Kaiser is presently the largest managed care organization in the country.
I observe and report with no opinion provided
https://en.wikipedia.org/wiki/Kaiser_Permanente
KP has doctors and nurses and others....they provide health care. KP accepts insurance if you have bought their plan.
KP is mixed. Good if you are forced onto medicate at 65 because they have staff docs that must see you. You do not have to hunt around. But there are draw backs as well
It’s actually a very good idea. It shows applying conservative principles sans liberalism to solve a problem that the government isn’t equipped to solve.
I doubt they’ll even consider her....she’s pretty much done except ‘cameo’ appearances....from home!
I thought so too...it’s quite interesting indeed...Hope people continue to post what they find on this....
Cost cutting by eliminating the middle an in all aspects of health care.
You can dis it all you want but the guys this behind this have better grasp of their needs than you.
They have millions of employees and the economies of scale to create exactly what they want to best take care of their employees and drastically decrease their outlays
They are providing insurance. Unless they can build hospitals and care centers then they are only providing minimal healthcare
My comments are not a dis....it is a call back to reality
Unless of course they buput you in with a robot who can diagnose and still not dispense
I don’t give a fig what they do.
Gates’ history in Africa concerning healthcare ain’t that great
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