Feb 01 2018
Amazon.com Inc, Berkshire Hathaway Inc and JPMorgan Chase & Co said yesterday they will form a company to cut health costs for hundreds of thousands of their employees, setting up a major challenge to an inefficient USA healthcare system.
The effort is in the early planning stages, the three companies said.
"When large and successful companies come together in this way, it's potentially disruptive", says Frank Easley, senior vice president of Aon's health and benefits group, about the Amazon, Berkshire and JPMorgan partnership. But we also do not accept it as inevitable. "The solution will reportedly be 'free from profit-making incentives and constraints".
Though details are sketchy, a top executive from each partner will initially lead the effort, which is meant to use technology solutions to simplify the healthcare system and, more broadly, increase transparency and ultimately, cut costs. "The three of our companies have extraordinary resources, and our goal is to create solutions that benefit our USA employees, their families and, potentially, all Americans".
(CNN) - Can three titans of modern industry bend health care away from its ruinous path of disorganization and waste, toward the kind of efficiencies these men regularly achieve in their core businesses? Nearly all companies in the health field were in retreat Tuesday.
SpaceX Performs First 'static Fire' Of Falcon Heavy Rocket
The company now only operates the Falcon 9 rocket, which consists of a core first stage booster and a second stage. The Falcon Heavy will have double the thrust of the next biggest rocket out there today, according to Musk.
Trump Just Dropped a Few Bombshells on West Wing Reporters
Mueller's team is also examining whether Trump obstructed justice when he dismissed former FBI Director James Comey a year ago . Cobb also clarified if the special counsel does call upon Trump, his attorney would be there to guide him through the meeting.
BJD suspends MP Baijayant Panda, he says charges false
He made the statement in reference to Patnaik's Private Secretary IAS officer V Kartikeyan Pandian. Panda was elected to Lok Sabha in 2009 and 2014 from Kendrapara Lok Sabha constituency.
The possibility of an "Amazon effect" of better technology and lower prices sweeping through the employer-sponsored health insurance market, which covers about 160 million Americans, generated plenty of buzz and speculation.
Benefits experts quoted by The Associated Press speculated the new company could create a virtual marketplace that makes shopping for health care as easy as buying a shirt on Amazon.
While the technology giant and its coalition kept mum on the details of their new venture, the leaders said more information would be made available in the coming months. In the past five years, premiums for family insurance plans arranged by employers are up 19 percent, according to a recent study by the Kaiser Family Foundation and the Health Research & Education Trust.
Health-care spending was estimated to account for about 18 per cent of the U.S. economy previous year, far more than in other developed nations.
It is interesting to note that one of the largest USA reinsurance companies, Gen Re, is at the core of Berkshire Hathaway's empire. Amazon's entry into the health market has been perceived as imminent, even though the company had announced nothing publicly.
It has been watched very closely on Wall Street, which has seen Amazon disrupt numerous industries ranging from book stores to clothing chains. By doing so, Amazon, Berkshire and JPMorgan could gain more control over their spending and save money pharmacy-benefit managers now consume, he said. In a survey of physicians' perspectives published past year in the journal PLOS One, the average estimate was that 20 per cent of medical care was unneeded, including about a quarter of tests, a fifth of prescriptions and more than one in 10 medical procedures.
Feb 01 2018
Alex Smith traded by Chiefs to Redskins, sources say
Cousins played under the franchise tag the last two seasons in D.C. and was set to become a free agent this off-season. In Kansas City's 27-20 win over the Eagles in Week 2, Smith was 21 of 28 for 251 yards and a touchdown.
Jan 31 2018
Will Ronda Rousey Elevate or Overshadow Women's Wrestling in WWE?
Nikki hadn't competed since WrestleMania , but she was the final person eliminated after entering at No. 27. Jason Powell, editor of ProWrestling, said it'll still be tough to get UFC fans to follow her to WWE .
Jan 29 2018
Carson Wentz ditches cane, showing progress in ACL rehab
Wentz, 25, said Friday that when he returns to the field in several months, he won't alter his playing style. He still expects to be ready for the 2018 regular-season opener in September.
Jan 29 2018
Recommendation Hold on Basic materials stock: Freeport-McMoRan Inc. (FCX)
To measure price-variation, we found CRSP's volatility during a week at 10.67% and during a month it has been found around 9.56%. What do the trading volumes reveal? Volumes indicate how many shares are bought and sold over a given period of time.
Jan 29 2018
Pochettino questions Tottenham motivation after FA Cup escape
But it's about in the next few days to see if we have some possibilities with some players. We showed the ambition and the decision to play.
Jan 28 2018
On last day in Israel, Pence visits Western Wall, Yad Vashem
But as I said, it is controversial because Palestinians also have a claim on the city. He described Trump as "a political pyromaniac, a racist misogynist".
Jan 27 2018
Nine out of ten cancer cases 'could be prevented with smear test'
Cervical screening isn't a test for cancer; it's a test to check the health of the cells of the cervix (the entrance to the womb). Parents should speak with their children's health care provider about the HPV vaccine at the 11-to 12-year-old well child visit.
Jan 27 2018
Crude breaks $65 as record drawdown whittles USA oil stockpiles
Gasoline inventories rose by 3.1 million barrels and stocks of distillate fuels, which include diesel, were up by 639,000 barrels. The oil for delivery in March was trading higher by Rs 70 or 1.69 per cent at Rs 4,201 per barrel in 114 lots.
Jan 27 2018
The Most Spectacular Eclipse of 2018 Is In Less Than a Week
What is a super blue blood moon? Noble told Newsweek that "For this eclipse, much of the US will be racing against sunrise". And the "blood moon" business? A "blood moon" is pictured from Gosford, Australia, north of Sydney, October 8, 2014.
Jan 26 2018
'Don't worry': Trump lays out path to citizenship for Dreamers
Addressing the status of the Dreamers' parents, who brought them into America illegally, would be "tricky", Mr Trump said . This includes widespread bipartisan support for Dreamers.
Jan 31 2018Prince William, Kate Middleton take a shot at bandy in Sweden
Jan 30 2018Chris Stapleton to perform 2 Upstate NY shows
Jan 30 2018Nokia 2 to receive Android 8.1 Oreo update soon
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Jan 30 2018Cardi B Freaking Out Over A Note From U2's Bono Is Priceless
Jan 30 2018Seine still rising in Paris; Louvre partially closed
Jan 29 2018Carrie Fisher wins Grammy Award for 'The Princess Diarist'
Jan 29 2018Macron's "France is Back" Speech Makes Plea for European Unity
Jan 29 2018Putin opposition leader Alexei Navalny arrested after organizing fair election protests
Jan 28 2018Floodwaters continue to rise in Paris
Jan 28 2018Nelly Accused Of Sexual Assault By Two New Women
Jan 28 2018Richardson says Suu Kyi living in a 'bubble'
Jan 28 2018Assange 'hypothetically' free if arrest warrant attraction granted, ruling due February 6