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.
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