Reaction is pouring in across many industries on Tuesday’s news that Amazon.com Inc., Buffett’s Berkshire Hathaway Inc. and JPMorgan Chase & Co. plan to set up a new independent company – “free from profit-making incentives and constraints” – so that the three partners can offer health-care services to their U.S. employees more transparently and at a lower cost.
Given the amount of attention mere rumors and speculation of an Amazon entrance into the health care space has garnered over the past several months, it's unlikely the buzz about this news will die down any time soon. The question will be whether the endeavor can live up to the lofty goals.
Experts throughout the industry each have their own take. Here's just a sampling of what's being said around the industry:
Evolution in the health care system
“This is another example of large successful organizations looking to evolve, transform and disrupt the health care ecosystem, as we’ve seen with other industry announcements from companies like CVS/Aetna, UHC/Davita and Advocate/Aurora. We have always encouraged companies to take an active role to mitigate cost while improving quality and health outcomes, and we will continue to encourage organizations to take bolder steps to leverage their collective strengths to create change.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Katie Kuehner-Hebert
Katie Kuehner-Hebert is a freelance writer based in Running Springs, Calif. She has more than three decades of journalism experience, with particular expertise in employee benefits and other human resource topics.
