Amazon now disrupting health care! Blog Internet, Information Technology & e-Discovery Blog

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

And even though Amazon has a number of detractors - not to mention the controversial working environments many of its warehouse employees report - the company maintains considerable power in worldwide markets. To that end, health systems and other organizations increasingly are encouraging people to establish relationships with a primary-care team that can catch and control chronic ailments before they spiral and costs mount. If the package could turnkey the rationalization of supply costs, simplify billing and accelerate revenue cycles (regardless of who's paying), it could have a chance.

Berkshire Hathaway is an Omaha-based conglomerate employing approximately 367,700 employees across a variety of industries including insurance, candy manufacturing, electric utilities, newspapers, fractional jet ownership, ice cream, bricks and furniture. The trio just announced a joint venture meant to "check the rise in health costs while concurrently enhancing patient satisfaction and outcomes".

Dr Saloner says it is seen as one of the most innovative insurance programs in the country, and could be an analogue for what Amazon, JP Morgan Chase and Berkshire Hathaway might do. They have provided few details beyond that.

Kaiser Health News (KHN) is a national health policy news service. "Hard as it might be, reducing health care's burden on the economy while improving outcomes for employees and their families would be worth the effort". Tuesday was not the first time Buffett had talked about growing health care costs as a "tapeworm" that harms the growth of the American economy.

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Finally, BKS Advisors LLC purchased a new position in shares of Wells Fargo & Co in the 3rd quarter worth approximately $143,000. Finally, Keefe, Bruyette & Woods reiterated a "buy" rating on shares of Wells Fargo & Co in a report on Tuesday, January 16th.

"Our group does not come to this problem with answers", Buffet said. But we also do not accept it as inevitable.

One aspect of containing health-care costs, for instance, is offering medical equipment or pharmaceuticals available at their cost.

"That's a group we've really been trying to reach out to", Handke said. But the news of the three corporate behemoths' coalition may propel even more employers to band together, looking for alternatives on how they provide coverage while driving transparency in an industry notorious for obfuscation. The entire health care sector in the stock market swooned on this announcement. They are moving into an industry where the lines between traditionally distinct areas, such as pharmacies, insurers, and providers, are increasingly uncertain.

Amazon's technology prowess also could change the market for existing players.

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But if she didn't sign one, she'd be free to say that she didn't, and she can't. Daniels didn't answer, instead saying it came from the internet.

This could theoretically help make health care more affordable.

They must compensate their specialists in a method other than fee-for-service to discourage costly, excessive, and risky procedures. Cantor Fitzgerald health services analyst Steven Halper says the announcement has "more bark than bite at this point".

In December, drugstore giant CVS announced it would acquire health insurance titan Aetna in a deal worth almost $70 billion. It's not just about selling drugs, however.

It can't be stressed enough: There is no clear picture of what Bezos, Buffett and JPMorgan CEO Jamie Dimon have in mind. Those in the industry have long speculated that Amazon would try to disrupt it. It's not (yet) a marketable product. Add in telemedicine opportunities - whole clinics could be set up overseas on local budgets to do much of the necessary work - and US -resident doctors who'll accept a pay cut just to practice medicine and never deal with an insurance company again, and the task appears even more feasible. But that might not matter. Those are being driven up by health care providers who have consolidated and will continue to consolidate and amass more market power. And at the root of it all is our for-profit health system. But the USA health care system is inferior to those of other rich countries on a number of technical parameters, too: For example, it has more hospital admissions for preventable diseases and more medical and lab errors than comparable countries.

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