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.
2018-08-31 08:42:00 Friday ET

We share several famous inspirational stock market quotes by Warren Buffett, Peter Lynch, Benjamin Graham, Ben Franklin, Philip Fisher, and Michael Jensen.
2018-05-09 08:31:00 Wednesday ET

CBS and its special committee of independent directors have decided to sue the Redstone controlling shareholders because these directors might have breached
2018-01-29 07:38:00 Monday ET

President Donald Trump delivers his first state-of-the-union address. Several key highlights touch on economic issues from fiscal stimulus and trade protect
2019-01-15 13:35:00 Tuesday ET

Americans continue to keep their financial New Year resolutions. First, Americans should save more money. Everyone needs a budget to ensure that key paychec
2019-07-25 16:42:00 Thursday ET

Platforms benefit from positive network effects, scale economies, and information cascades. There are at least 2 major types of highly valuable platforms: i
2018-08-07 07:33:00 Tuesday ET

President Trump sounds smart when he comes up with a fresh plan to retire $15 trillion national debt. This plan entails taxing American consumers and produc