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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: 1, Insightful) by Anonymous Coward on Thursday February 01 2018, @02:47PM (1 child)
I've gotten "we won't know how much it costs until we bill you" on multiple occasions. In what world is this a legitimate business model?
(Score: 2) by stretch611 on Thursday February 01 2018, @05:31PM
You are absolutely right.
However, despite not being able to give an accurate estimate, their computer is able to determine how much you owe as you are walking out of the office.
The only time this is not accurate is when the insurance company decides not to pay for everything because something is flagged as not covered. (and 90% of those times it is covered but you have to go through the insurance companies appeal process which is only designed only to delay your actual benefits until you give up being on the phone for hours.)
Now with 5 covid vaccine shots/boosters altering my DNA :P