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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
(Score: 5, Funny) by DannyB on Tuesday January 30 2018, @07:51PM (11 children)
Yeah, you can brag about how much better your health care is, but you don't have a president like ours!
To transfer files: right-click on file, pick Copy. Unplug mouse, plug mouse into other computer. Right-click, paste.
(Score: 0) by Anonymous Coward on Tuesday January 30 2018, @08:06PM (8 children)
That's because our elections aren't beauty pageants! But don't worry, they're not real smart either. They'll elect another Harper soon enough. Too bad we can't just put all the yahoos from both countries on a garbage barge, send it out to sea and sink the fucker! I really don't know what stops us from doing it.
(Score: 3, Funny) by bzipitidoo on Tuesday January 30 2018, @08:10PM
You like the 'B' Ark, eh?
(Score: 1, Funny) by Anonymous Coward on Tuesday January 30 2018, @08:53PM (1 child)
I don't know what would be more entertaining: sinking it, or letting them live on it.
(Score: 0) by Anonymous Coward on Wednesday January 31 2018, @01:02AM
Sounds like Reality TV.
Hey, we've got a politico with experience in that.
Maybe he could join the Canucks.
-- OriginalOwner_ [soylentnews.org]
(Score: 2, Redundant) by realDonaldTrump on Tuesday January 30 2018, @09:55PM (4 children)
Many people are saying I'm a handsome guy, very tall (6'3"), with all my own hair. Thank you! But I think Justin is also very good looking! I love the way he looks. And he's working very hard to make Canada great again. I was ready to cancel NAFA, which has been killing our economy in the USA. He talked me out of it (we're renegotiating). You made a great choice when you elected him.
(Score: 2, Disagree) by Runaway1956 on Tuesday January 30 2018, @10:50PM (1 child)
So, you've got the hots for Justin Beiber? Who'da thunk it.
(Score: 2) by realDonaldTrump on Tuesday January 30 2018, @11:40PM
A lot of the boys at my boarding school were gay. I wasn't. I brought a lot of ATTRACTIVE girls there, nobody else brought girls. It was an all-boys school. Except for those girls I brought. I'm not gay. I shouldn't have to say this -- I have a beautiful wife and four beautiful children (and Theresa). But I know a handsome man when I see one. There's no shame in that. I see one every time I look in a mirror. And Justin Bieber is one. Many people say he's a big fan of mine. We invited him to play his wonderful music for our Republican Party -- his manager told us "no," the manager is a VERY NASTY Dem. We offered FIVE MILLION DOLLARS, he told us "no," very foolish guy.
But I didn't mean Justin Bieber. I meant Justin Trudeau. A lot of guys from Canada are named Justin, a lot are named Trudeau. But Justin Trudeau is the one running it now. He's their Prime Minister, it's what they have instead of a President. It's a VERY WEAK office. But he's a great guy, great smile, nice to look at, nice to talk to. And unlike Gorbachev, he keeps his appointments. They say 90% of success is showing up. The other 10% is looking fabulous. And Justin Trudeau gets 100%.
(Score: 1, Insightful) by Anonymous Coward on Wednesday January 31 2018, @01:07AM
Radio/TV presenter Thom Hartmann tells of the time his wife Louise was close enough to Trump to check that out.
She told Thom, "Bad plugs."
-- OriginalOwner_ [soylentnews.org]
(Score: 0) by Anonymous Coward on Thursday February 08 2018, @10:56AM
Watch Trump Board Air Force One and Accidentally Reveal How His Hair Works [alternet.org]
The style is best described as a wraparound combover
Is Donald Trump's hair real or fake? [twitter.com]
image [twimg.com]
-- OriginalOwner_ [soylentnews.org]
(Score: 3, Offtopic) by realDonaldTrump on Tuesday January 30 2018, @09:37PM (1 child)
Thank you for your support! I always thought you were a Dem, a lot of Dems are starting to come around. The ones who love America, they see how hard I'm working to Make America Great Again. VERY SUCCESSFULLY! And they want to be part of that. I welcome them, I'm saving seats for them at my table. I'm very bipartisan, believe me. One Team, One People, One American Family!
Let me tell you, the Democrats' ObamaCare is imploding. Massive subsidy payments -- BAILOUTS -- to their pet insurance companies has stopped. Because I signed an Executive Order. Dems should call me to fix! And I can sign another Executive Order to end the MASSIVE BAILOUTS for Members of Congress! I'm sitting in my office in Washington, pen in hand. Pen in hand, folks. I'm making ObamaCare IMPLODE!
Our HealthCare Bill, as you know, went down in flames I worked very hard on the Repeal & Replace of ObamaCare, I call it the American Healthcare Act. Many people are calling it Trumpcare. It's a great honor, I'm very honored. But I didn't do it alone, I can't do it alone, I'd love to do it alone, I'm not a dictator. We have guys in Congress, they've been working on it for years. But it FAILED very badly because our Congress is a mess. We have some guys in our House, supposedly they're R's, the Freedom Caucus. They didn't caucus with us on that one, they caucused with the Dems. We wanted to STOP THE FUNDING for Planned Parenthood, they said that wasn't enough. They want us to go fully to the Right. So they told us "no." And the Democrats are smiling in D.C. The Freedom Caucus, with the help of Club For Growth and Heritage, have saved Planned Parenthood & Obamacare!
And our Senate is a DISASTER too. The very outdated filibuster rule must go. Republicans in the Senate will NEVER win if they don't go to a 51 vote majority NOW. They look like fools and are just wasting time. Mitch M, go to 51 Votes NOW and WIN. IT'S TIME! Republican Senators are total quitters, Repeal & Replace is not dead! Demand another vote before voting on any other bill!
(Score: 3, Insightful) by fyngyrz on Wednesday January 31 2018, @12:41PM
Seems like you might seriously hurt yourself repeatedly twisting your mind into "word salad, with turds and anchovies" mode.
Just saying. It is funny, because Trump is such a profoundly dysfunctional assclown, but damn. I worry about you.