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posted by martyb on Thursday February 01 2018, @10:22AM   Printer-friendly
from the fixing-what-ails-ya dept.

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


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  • (Score: 4, Insightful) by JoeMerchant on Thursday February 01 2018, @02:37PM

    by JoeMerchant (3937) on Thursday February 01 2018, @02:37PM (#631485)

    Forget the dystopia... what's the Billionaire's dilemma? They've got so much money that any time they shift it around it moves the markets and thwarts any efforts at significant growth through investment - Buffet has written about this many times. So, what's a good scam, ahem, industry that you can make big ROI with your billions? Insurance. Buffet already has GEICO, but healthcare is the next rung up the ladder.

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