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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: 0) by Anonymous Coward on Tuesday January 30 2018, @08:06PM (8 children)

    by Anonymous Coward on Tuesday January 30 2018, @08:06PM (#630565)

    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

    by bzipitidoo (4388) on Tuesday January 30 2018, @08:10PM (#630569) Journal

    You like the 'B' Ark, eh?

  • (Score: 1, Funny) by Anonymous Coward on Tuesday January 30 2018, @08:53PM (1 child)

    by Anonymous Coward on Tuesday January 30 2018, @08:53PM (#630587)

    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

      by Anonymous Coward on Wednesday January 31 2018, @01:02AM (#630746)

      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)

    by realDonaldTrump (6614) on Tuesday January 30 2018, @09:55PM (#630653) Homepage Journal

    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)

      by Runaway1956 (2926) Subscriber Badge on Tuesday January 30 2018, @10:50PM (#630686) Journal

      So, you've got the hots for Justin Beiber? Who'da thunk it.

      • (Score: 2) by realDonaldTrump on Tuesday January 30 2018, @11:40PM

        by realDonaldTrump (6614) on Tuesday January 30 2018, @11:40PM (#630710) Homepage Journal

        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

      by Anonymous Coward on Wednesday January 31 2018, @01:07AM (#630750)

      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

      by Anonymous Coward on Thursday February 08 2018, @10:56AM (#634817)

      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]