2018-01-23 06:38:00 Tue ET
technology social safety nets education infrastructure health insurance health care medical care medication vaccine social security pension deposit insurance
Amazon, Berkshire Hathaway, and JPMorgan Chase establish a new company to reduce U.S. employee health care costs in negotiations with drugmakers, doctors, and hospitals. Jeff Bezos, Warren Buffett, and Jamie Dimon effectively take on the world's most expensive healthcare network. This non-profit venture poses a new challenge to an inefficient U.S. healthcare system. Also, this joint venture causes the share prices of healthcare companies to decline across the board.
The new company will initially focus on innovative technology for high-quality and transparent healthcare for 500,000+ U.S. employees across Amazon, Berkshire, and JPMorgan. The tripartite entity can negotiate directly with drugmakers, doctors, and hospitals in order to use their vast databases to handle high healthcare service costs. These negotiations thus undercut the healthcare industry's middlemen from health insurers to pharmacies such as CVS, Aetna, Cigna, and Merck.
U.S. healthcare expenditures increase faster than inflation from year to year. As of early-2018, these healthcare expenditures account for 18% of total real GDP. U.S. corporations sponsor healthcare benefits and services for more than 160 million American workers. Overall, the new tripartite venture represents a main healthcare innovation that can shake up the inefficient U.S. healthcare industry.
If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.
2022-05-15 10:29:00 Sunday ET
Innovative investment theory and practice Corporate investment can be in the form of real tangible investment or intangible investment. The former conce
2018-12-07 11:35:00 Friday ET
Fed Chair Jerome Powell hints slower interest rate increases because the current rate is just below the neutral threshold. NYSE and NASDAQ share prices rebo
2018-11-27 10:37:00 Tuesday ET
Warren Buffett offloads a few stocks from the Berkshire Hathaway portfolio in mid-November 2018. The latest S.E.C. report shows that the Oracle of Omaha sol
2019-05-13 12:38:00 Monday ET
Brent crude oil prices spike to $70-$75 per barrel after the Trump administration stops waiving economic sanctions on Iranian oil exports. U.S. State Secret
2018-08-27 09:35:00 Monday ET
President Trump and his Republican senators and supporters praise the recent economic revival of most American counties. The Economist highlights a trifecta
2019-10-15 09:13:00 Tuesday ET
U.K. prime minister Boris Johnson encounters defeat during his new premiership. The first major vote would pave the path of least resistance to passing a no