A NEW POWERHOUSE COLLABORATION ON HEALTHIntroductionWe are set to witness a hugemerger within US healthcare system. This will be partnership between Amazon, BerkshireHathaway and JPMorgan.
They are targeting ways to help American employees’access health care in an easy but sustainable way. This team work will enhancehealth care systems in the US for specific employees only.This team-up among these firms wasinitiated on 30th of January 2018, with firms looking into ways tosatisfy employees with available medical services. Which may go down in termsof costing by this partnership efforts. It’s like the people of USA are readyfor this initiative which will see massive workers benefit from the present stressfulhealthcare services.Do we need this giants, really?According to the JPMorgan data ofQ3 2017, the US healthcare is projected to rise at greater rate than the grossdomestic product by 2025.
In fact, the spending alone on health care rose by 5%between 2000 and 2015 alone. With such huge increase in health care cost, arobust medical scheme is the way to go.How will it work?With an objective of steering patients’gratification and inclusive outcomes, this alliance will gear towards a common beliefthat will look into ways joint funds can control health costs in a sustainableway.Sustainable or not?With an expected patientpopulation of about 900,000; this scheme looks ambitious and it requiresintense planning, leadership, resources and goodwill from employees.
Each companyis expected to pull together its resources, Amazon will provide a good platformfor selling drugs; Berkshire has an Insurance firm and JPMorgan is strategic advisor,financier and planner.But with such strategic andwell-able brains the like of Bezos, Buffet and Dimon behind it, it’s a matterof time to make this a reality and make it a model case study for healthcareinvestment plans.SummarySuch a strategic move by the big companies’i.
e the JPMorgan Chase, Amazon and Berkshire signals a growing frustration withthe status quo and the current health care system. Perhaps this is a trend we watchyears to come where firms would rather provide medical care to their staff thanpay premiums in the name of health cover that deviates from firms’ vision andmission in future days.Indeed, technology, partnershipand data will play huge role in efforts matters to restore sanity within thehealthcare system. This is not a rebirth of just another health insurance company,no, it’s a way firms want to extract value from other ways which lie dormantthat current health plans and medical providers have either neglected or arenot capacitated to do so.REFERENCES: WWW.USATODAY.COM , WWW.NYTIMES.COM