Amazon, Berkshire, JPMorgan Closing Down Joint Healthcare Venture

By | January 4, 2021

  • January 5, 2021 at 1:10 pm
    Craig Winston Cornell says:
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    This is actually quite amazing. 3 of the largest and most respected big corporations in the world decided to attack one of the big problems in America, high health care costs.

    And they gave up! They didn’t even issue a report on ideas. Just walked away.

    The open secret is that hospitals and the physicians control health care, and they are paid double to triple their counterparts in Europe. Dumb people are told to blame insurance companies when the doctors and hospitals are the real cost drivers.

    Today, the Wall Street Journal reported that one of the biggest problems with the spike in Covid 19 patients is the limited number of doctors available for treatment. Not ICU beds, doctors.

    And they cited limits on the number of residency opportunities put in place by Congress many years ago. Hmmm . . . you don’t think any lobbyists were involved do you?

    Yep. The elite care about the little guy. Sure they do.

    • January 5, 2021 at 4:34 pm
      PolarBeaRepeal says:
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      Of course they failed! They are ‘all about’ monopolizing, not competition! And now that they all think Biden will take over, and there is a clear path to monopolizing health care via M4All, they need not pursue that through their venture.

      There are many effective ways to control costs, the primary one being increased competition. I am not at liberty to publish any others I’ve come to learn through discussions with ACA replacement plan architects. But almost all of them would be effective in cost redux…. as they have been proven so in other financial / economic applications.

  • January 12, 2021 at 12:34 pm
    Tim Christ says:
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    The one thing that employers can do to control health care costs is to start to control the cost of care, instead of the cost of insurance. It requires a fundamental management shift in how you approach this. And a disclaimer, if you only have 50 employees or less, you are likely stuck. But if you have 100 employees or more, there are other options that you may not be aware of (and that your broker possibly hasn’t bothered to inform you of). Two great books on the subject include The Price We Pay by Marty Makary and The CEO’s Guide to Restoring the American Dream by Dave Chase. A very popular podcast on this subject is Trendbreakers by Steve Watson, who is a CFO/CHRO for a professional services company and he is working with other CFO’s on how to drive more transparency in their healthcare spend, and thus, better control costs.

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