Article archive / February 2018
Originally published: . Volume 9, No. 2. Source pages: 3.
The Washington Post reported last week that three huge employers, Amazon, Berkshire Hathaway and JP Morgan Chase, will be partnering to create a joint venture and provide healthcare for their combined 1 million workers, because they want to hold down the soaring healthcare costs for their companies.
“Major health company stock prices tumbled on the news, and the announcement stirred excitement — and questions — about how the three companies could bring their clout to containing costs in the massive employer-sponsored health insurance market, which provides coverage to approximately 160 million Americans,” noted the Post report.
A source told the reporter that the companies want to bring their technology to the table when it comes to “making healthcare more transparent, affordable and simple,” said the Post. The companies say they have no specific plans but that this will take shape over time, and offer services to the massive marketplace for healthcare.
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