Amazon Health-Care Move May Be Next 'Home Run' Like Cloud Services
Amazon.com Inc.'s foray into health care won't be the first time it has disrupted an entire industry by starting with an effort inside the company.
Amazon Chief Executive Officer Jeff Bezos is teaming up with fellow billionaires Warren Buffett and Jamie Dimon to revamp health care for the 2.4 million workers and dependents of the companies they run. The move fostered widespread speculation the trio will eventually make their approach to medical care available to companies far and wide.
Bezos has a long, increasingly successful, record of starting new businesses on a small scale, often for the benefit of his company, then spreading them to the masses -- creating a world of pain for incumbents. Consider the ways Amazon is changing industries as varied as product fulfillment, cloud computing and even the sale of cereals, fruits and vegetables.
This is just a cheap excuse to follow up on the machinations of the world's richest human:
Amazon, Berkshire Hathaway, and JPMorgan Chase to Offer Their Own Health Care to U.S. Employees
(Score: 5, Insightful) by julian on Thursday February 01 2018, @04:41PM
When you're incapacitated? Delirious with fever? Gut shot? Oh and even if you are of sound mind at the time, you're not a doctor, and thus are ignorant of medicine and treatments anyway. So how can you shop around *when you don't even know what you're shopping for?*
You cannot run health care with markets efficiently OR fairly. It doesn't work; there's too much asymmetry between sellers and buyers in knowledge and negotiating leverage for it to ever be either efficient or fair. It's absolutely the wrong tool for the job but when you're a conservative that's all you've got in your tool box.