Stories
Slash Boxes
Comments

SoylentNews is people

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


Original Submission

 
This discussion has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (Score: 2) by choose another one on Friday February 02 2018, @09:57AM (1 child)

    by choose another one (515) Subscriber Badge on Friday February 02 2018, @09:57AM (#631934)

    Drugs cost hundreds of times what they cost elsewhere

    Extreme hyperbole.
    You're gonna have a hard time coming up with a cite for that one.

    Well I'm not - OTOH, Daraprim. Big news at the time - $750 in the US from one monopoly supplier, 5 to 10 cents in India from multiple generics suppliers.

    Cite: https://www.clinicalleader.com/doc/high-drug-prices-should-we-blame-pharma-or-the-fda-0001 [clinicalleader.com]

    Although the increase in Daraprim from $13.50 to $750 caused an understandable uproar, everyone fails to recognize a more subtle discrepancy: prior to the increase, that same drug that was selling for $13.50 in the U.S. was selling for between five and 10 cents in India.

    Starting Score:    1  point
    Karma-Bonus Modifier   +1  

    Total Score:   2  
  • (Score: 0) by Anonymous Coward on Friday February 02 2018, @01:51PM

    by Anonymous Coward on Friday February 02 2018, @01:51PM (#631987)

    So, to be clear, your arithmetic skills are terrible, your calculator is broken, and your dictionary doesn't contain "hyperbole".
    "Hundreds of times" would be a minimum of $2700. [google.com]

    -- OriginalOwner_ [soylentnews.org]