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  #1  
Old 01-30-2018, 11:23 AM
examsarehard examsarehard is online now
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Default Amazon, Berkshire, JP Morgan Form New Healthcare Company

Limited to self-insuring their employees for now, but curious what other people thought:

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It’s no secret Jeff Bezos has been looking to crack health care. But no one expected him to pull in Warren Buffett and Jamie Dimon, too.

News Tuesday that Bezos’s Amazon.com Inc., Buffett’s Berkshire Hathaway Inc. and JPMorgan Chase & Co., led by Dimon, plan to join forces to change how health care is provided to their combined 1 million U.S. employees sent shock waves through the health-care industry.

The plan, while in early stages and focused solely on the three giants’ staff for now, seems almost certain to set its sights on disrupting the broader industry. It’s the first big move by Amazon in the sector after months of speculation that the internet behemoth might make an entry. The Amazon-Berkshire-JPMorgan collaboration will likely pressure profits for middlemen in the health-care supply chain.

Details were scant in a short joint statement on Tuesday. The three companies said they plan to set up a new independent company “that is free from profit-making incentives and constraints.”
https://www.bloomberg.com/news/artic...pany-for-staff
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Old 01-30-2018, 11:31 AM
Dr T Non-Fan Dr T Non-Fan is offline
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imo The middlemen are not the problem.

imo Constraints will still be a problem. The fact that their employees are mostly all over the place will still be a problem.
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Old 01-30-2018, 11:36 AM
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So, unless they plan to build hospitals, there's no point?
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Old 01-30-2018, 11:50 AM
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Pretty much.
Or, "buy" Kaiser Permanente. (In quotes beause I'm not sure how they would buy it.)
Or buy physician networks. Or hire their own doctors.

A group this big isn't all that big to be their own insurance company, mainly because they are not concentrated in one area (besides Seattle, and Amazon could do that already by themselves). Employees and dependents need to see doctors in person (unless some fancy imaging station can be made with some outsourced doctor making diagnoses (or is it prognoses?), so those doctors needs to be pressured to lower rates. but if there are not enough doctors/hospitals/etc., they simply won't drop rates that low.

Self-insured groups provide leverage to increase network discounts, so that some profit can be made on Individual, Small Group and smaller Large Groups.

Simplest method for lowering healthcare costs to employees and dependents is to lower copays. Done. And, A-B-C pays the rest.
If that is not the goal, and instead it is to lower the healthcare costs of the company, then simply raise the copays. Done. Making an insurer/healthcare-giving-company? Not as simple. How many states are they in, fercryinoutloud?
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Last edited by Dr T Non-Fan; 06-07-2018 at 06:15 PM..
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Old 01-30-2018, 12:16 PM
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Originally Posted by Dr T Non-Fan View Post
Or, "buy" Kaiser Permanente.
My first thought was that they might build their own. Not sure how that would work with "employees all over the place"
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Old 01-30-2018, 12:19 PM
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Drones to fly doctors to ailing employees and their dependents!
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Old 01-30-2018, 12:20 PM
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Drones to fly doctors to ailing employees and their dependents!
No no, fly the patients.
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Old 03-22-2018, 10:41 PM
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The obvious answer here is to invest in the hyperloop.
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Old 06-07-2018, 03:54 PM
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"This is a long-term thing," Dimon said. "We're not looking for immediate success, but there are a lot of ideas out there. There are a lot of things that can be done better. We know the fraud, the administrative costs, we know overuse and underuse of various drugs and specialized procedures. We know the end of life often costs far more than it should and is far more painful than it should be, and with big data, there's so many things to do."
Talking point 1, check
Talking point 2, check
Talking point 3, check
Talking point 4, check
Talking point 5, check
"And to wrap things up, uhhhm Big Data?" Talking point 6, check

Nailed it.
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Old 06-07-2018, 04:53 PM
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Originally Posted by Sredni Vashtar View Post
Talking point 1, check
Talking point 2, check
Talking point 3, check
Talking point 4, check
Talking point 5, check
"And to wrap things up, uhhhm Big Data?" Talking point 6, check

Nailed it.
identifying the issues definitely seems like the hard part here. solutions should come easily from there.
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