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Amazon, Berkshire Hathaway & JPMorgan Chase launch new health care company


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Amazon, Berkshire Hathaway and JP Morgan Chase join forces to tackle employees’ health-care costs

 

https://www.washingtonpost.com/news/wonk/wp/2018/01/30/amazon-berkshire-hathaway-and-jp-morgan-chase-join-forces-to-tackle-employees-health-care-costs/?utm_term=.53f2eb969adb

Op note: Considering some healthcare companies charge $35 for 1 pill of Tylenol (cost of the fat nurse taking the elevator, walking, and giving you the pill while waiting 10 seconds to see if you swallowed it...) I think it's about time for big companies to have their own healthcare pool and hopefully allow others to pay a fee and join in the future. So far that expansion is not the plan...

Liberal, born and raised in Maryland, proud member of pink pistols!

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Operative term: They are starting a Non-profit healthcare company. Good.

 

For their own employees, 1 million... and counting.

 

Should other companies follow?

 

Sometimes it might be more profitable for a company to have a doctor's office in site, and treat employees in a preemptive way, etc. Let's think outside the box on healthcare, specially considering so many problems we have are self inflicted wounds: obesity, diabetes, gun violence, drug addiction, etc.

Liberal, born and raised in Maryland, proud member of pink pistols!

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https://mobile.nytimes.com/2018/01/30/upshot/can-amazon-and-friends-handle-health-care-theres-reason-for-doubt.html?action=click&module=RelatedCoverage&pgtype=Article®ion=Footer&contentCollection=Related&referer=https://mobile.nytimes.com/2018/01/30/technology/amazon-berkshire-hathaway-jpmorgan-health-care.html?referer=https://news.google.com

Can Amazon and Friends Handle Health Care? There’s Reason for Doubt - The New York Times

 

The above link is from The NY Times. We will just have to wait to see how this plays out. No one seems to be sure even what they are going to do that will give good service at lower costs.

 

“Non-profit” is no guarantee of good service or low cost. The internet is full of horror stories from both countries with a national healthcare system as well as American non-profit healthcare systems.

 

The issue is still the same: how do you satisfy infinite needs with finite resources.

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https://mobile.nytimes.com/2018/01/30/upshot/can-amazon-and-friends-handle-health-care-theres-reason-for-doubt.html?action=click&module=RelatedCoverage&pgtype=Article®ion=Footer&contentCollection=Related&referer=https://mobile.nytimes.com/2018/01/30/technology/amazon-berkshire-hathaway-jpmorgan-health-care.html?referer=https://news.google.com

Can Amazon and Friends Handle Health Care? There’s Reason for Doubt - The New York Times

 

The above link is from The NY Times. We will just have to wait to see how this plays out. No one seems to be sure even what they are going to do that will give good service at lower costs.

 

“Non-profit” is no guarantee of good service or low cost. The internet is full of horror stories from both countries with a national healthcare system as well as American non-profit healthcare systems.

 

The issue is still the same: how do you satisfy infinite needs with finite resources.

 

Good point... also their workers are way younger, healthier and better educated than the average American.

 

Let's see ho it plays out and if other companies follow or join them.

 

Will Facebook be next?

Liberal, born and raised in Maryland, proud member of pink pistols!

Ignore list: WilliamM

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NPR had a piece on this and the indication was that the partners are going to depend on Amazon to come up with high tec ideas like a "Health Dashboard" where a person could log in and see their history and report health problems: I suppose an algorithm will then give a diagnosis and tell them what to do :(

 

The NPR piece indicated that it could be a couple of years before something emerges from this group that is put into practice.

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NPR had a piece on this and the indication was that the partners are going to depend on Amazon to come up with high tec ideas like a "Health Dashboard" where a person could log in and see their history and report health problems: I suppose an algorithm will then give a diagnosis and tell them what to do :(

 

The NPR piece indicated that it could be a couple of years before something emerges from this group that is put into practice.

 

Prevention, and results, instead of just treatment.

Liberal, born and raised in Maryland, proud member of pink pistols!

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Prevention, and results, instead of just treatment.

Exactly what I had been thinking. There is plenty of literature out there (and that, as I recall I've seen on here too) that good primary care and an engaged GP head off many issues that if left end up being expensive, and have better long term outcomes. How much they save overall is a separate question.

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  • 1 year later...
The issue you raised was about Cadillac plans, not plans for everyone. The Journal article says the plan covers more than 380,000 Amazon employees. (Google says that amazon has 647,500 employees so it covers more than half). No figures are given for WalMart (the story is mostly about Amazon).

 

The article makes it clear that Amazon and the other companies are not doing this out of the goodness of their hearts. It saves them money with better diagnosis and treatments from using these specialized hospital centers with outstanding results. Everybody wins:):):)

 

Bottom line, there are people with Cadillac plans that are very happy with them and do not want to see change to something unknown.

 

I wonder if this is what you’re talking about?

Liberal, born and raised in Maryland, proud member of pink pistols!

Ignore list: WilliamM

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