Bezos, Buffet and Dimon and Healthcare
Jan 31st 2018, 12:51 am
#1
Austin. TX.
Thread Starter
Joined: Sep 2013
Posts: 5,930
Bezos, Buffet and Dimon and Healthcare
I thought this was a very interesting announcement
https://www.usnews.com/news/business...h-care-company
"On Tuesday Amazon's Jeff Bezos said that he, along with Buffet and JPMorgan, would attempt to make health care better for hundreds of thousands of their employees, and perhaps, eventually, the country.
There were few details and those involved said the project is in the early planning stage.
"The ballooning costs of (health care) act as a hungry tapeworm on the American economy," said Buffett, the head of Berkshire Hathaway (BRK.A, BRK.B), in a prepared statement. "Our group does not come to this problem with answers. But we also do not accept it as inevitable."
The new company will be independent and "free from profit-making incentives and constraints." The businesses said the new venture's initial focus would be on technology that provides "simplified, high-quality and transparent" care.
It was not clear if the ultimate goal is to eventually move beyond Amazon, Buffett's Berkshire Hathaway and JPMorgan. However, JPMorgan Chairman and CEO Jaimie Dimon said, "our goal is to create solutions that benefit our U.S. employees, their families and, potentially, all Americans."
The potential disruption from three renowned innovators in technology and finance sent a shock wave through the health care sector, erasing billions in market capitalization in seconds."
https://www.usnews.com/news/business...h-care-company
"On Tuesday Amazon's Jeff Bezos said that he, along with Buffet and JPMorgan, would attempt to make health care better for hundreds of thousands of their employees, and perhaps, eventually, the country.
There were few details and those involved said the project is in the early planning stage.
"The ballooning costs of (health care) act as a hungry tapeworm on the American economy," said Buffett, the head of Berkshire Hathaway (BRK.A, BRK.B), in a prepared statement. "Our group does not come to this problem with answers. But we also do not accept it as inevitable."
The new company will be independent and "free from profit-making incentives and constraints." The businesses said the new venture's initial focus would be on technology that provides "simplified, high-quality and transparent" care.
It was not clear if the ultimate goal is to eventually move beyond Amazon, Buffett's Berkshire Hathaway and JPMorgan. However, JPMorgan Chairman and CEO Jaimie Dimon said, "our goal is to create solutions that benefit our U.S. employees, their families and, potentially, all Americans."
The potential disruption from three renowned innovators in technology and finance sent a shock wave through the health care sector, erasing billions in market capitalization in seconds."
Jan 31st 2018, 2:10 am
#2
Lost in BE Cyberspace
Joined: Feb 2004
Posts: 14,577
Re: Bezos, Buffet and Dimon and Healthcare
I read Cigna et al lost 5% of their share price.
Feb 3rd 2018, 7:12 am
#3
UK->US
Joined: May 2017
Location: SE TX
Posts: 64
Re: Bezos, Buffet and Dimon and Healthcare
Bezos may save us from American healthcare.
But congress must save us from the exorbitant unnegotiable drug prices charged by pharmaceutical companies.
But congress must save us from the exorbitant unnegotiable drug prices charged by pharmaceutical companies.
Feb 5th 2018, 4:33 am
#4
BE Enthusiast
Joined: Nov 2007
Posts: 906
Re: Bezos, Buffet and Dimon and Healthcare
Love Bezos, hoping good things come from this.
Feb 8th 2018, 2:04 am
#5
L2, GC, Surrey, OH, TX!
Joined: Aug 2007
Location: Surrey to Dallas (via Ohio)!
Posts: 6,363
Re: Bezos, Buffet and Dimon and Healthcare
having worked for Jamie Dimons org until recently - I am not surprised by this thinking out of the box at all. He is a VERY smart guy. If anyone can make a success of this initiative he can. and his org will strengthen from it. and if it takes off - it could change the face and direction of healthcare in this country for the better.
