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posted by Fnord666 on Tuesday January 30 2018, @06:38PM   Printer-friendly
from the one-stop-shop dept.

Amazon, Berkshire Hathaway and JPMorgan Team Up to Disrupt Health Care

Amazon, Berkshire Hathaway and JPMorgan Chase announced on Tuesday that they would form an independent health care company to serve their employees in the United States. The three companies provided few details about the new entity, other than saying it would initially focus on technology to provide simplified, high-quality health care for their employees and their families, and at a reasonable cost. They said the initiative, which is in the early planning stages, would be a long-term effort "free from profit-making incentives and constraints."

The partnership brings together three of the country's most influential companies to try to improve a system that other companies have tried and failed to change: Amazon, the largest online retailer in the world; Berkshire Hathaway, the holding company led by the billionaire investor Warren E. Buffett; and JPMorgan Chase, the largest bank in the United States by assets.

Various health insurance and pharmacy companies were hit by the news:

The move sent shares of health-care stocks falling in early trading. Express Scripts Holding Co. and CVS Health Corp., which manage pharmacy benefits, slumped 6.7 percent and 5.5 percent, respectively. Health insurers Cigna Corp. and Anthem Inc. also dropped. The health-care industry has been nervously eyeing the prospect of competition from Amazon for months. While the new company created by Amazon, Berkshire and JPMorgan would be for their U.S. staff only, this is the first big move by Amazon into the industry. The new collaboration could pressure profits for middlemen in the U.S. health-care supply chain.

Related: $54 Billion Anthem-Cigna Health Insurer Merger Rejected by U.S. Judge
CVS Attempting $66 Billion Acquistion of Health Insurer Aetna


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  • (Score: 2, Insightful) by fustakrakich on Tuesday January 30 2018, @07:39PM (8 children)

    by fustakrakich (6150) on Tuesday January 30 2018, @07:39PM (#630549) Journal

    You are in for a world of hurt. Don't fall for Scrooge's crumbs. It's part of the plan to reduce demand for real universal health care, the old divide and conquer routine that works so well.

    --
    La politica e i criminali sono la stessa cosa..
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  • (Score: 0) by Anonymous Coward on Tuesday January 30 2018, @09:37PM (7 children)

    by Anonymous Coward on Tuesday January 30 2018, @09:37PM (#630630)

    Hahahahah, omg this is the real account of the "men with guns" and "capitalism is the natural choice" AC troll!!! TRY AGAIN FUSTAKRAPOOR :D

    • (Score: 0) by Anonymous Coward on Tuesday January 30 2018, @10:44PM (6 children)

      by Anonymous Coward on Tuesday January 30 2018, @10:44PM (#630684)

      I bet you do seances and palm readings, too!

      • (Score: 0) by Anonymous Coward on Tuesday January 30 2018, @11:11PM (5 children)

        by Anonymous Coward on Tuesday January 30 2018, @11:11PM (#630700)

        Nah that shit is dumb. It took a while but I'll stick with the statistical analysis of posts. It was hard to determine which users to process, it takes a long time and would probably be IP banned for crawling too much of the site so it was hit and miss for a while. I will stand by the prediction.

        • (Score: 0) by Anonymous Coward on Tuesday January 30 2018, @11:40PM (4 children)

          by Anonymous Coward on Tuesday January 30 2018, @11:40PM (#630711)

          I will stand by the prediction.

          How can you do that when you have no legs?

          And do your trawling through a proxy or VPN

          • (Score: 0) by Anonymous Coward on Wednesday January 31 2018, @12:03AM (3 children)

            by Anonymous Coward on Wednesday January 31 2018, @12:03AM (#630724)

            Wow, thanks for adding little data points of verification. You need to age a bit, maybe spend some time near the equator and melt into a mellow drop.

            • (Score: 0) by Anonymous Coward on Wednesday January 31 2018, @12:19AM (2 children)

              by Anonymous Coward on Wednesday January 31 2018, @12:19AM (#630732)

              This is the part I love the most..

              You get three chances to guess my weight

              • (Score: 0) by Anonymous Coward on Wednesday January 31 2018, @12:32AM (1 child)

                by Anonymous Coward on Wednesday January 31 2018, @12:32AM (#630735)

                You don't provide any personally descriptive data, so in this case it would really be a guess. I'm gonna go with 155 lbs.

                • (Score: 0) by Anonymous Coward on Wednesday January 31 2018, @01:25AM

                  by Anonymous Coward on Wednesday January 31 2018, @01:25AM (#630758)

                  That's once [humorplanet.com]