Three of America’s giants, Amazon, Berkshire Hathaway and JPMorgan Chase, from three different fields, tech, insurance and finance, respectively, are teaming up to create an independent health care company for their U.S. employees.
There’s not a lot of detail about the plan yet, only the broad strokes goal of utilizing technology to provide affordable health care to employees. This would be a long-term project, not subject to profit limits and incentives.
There’s been speculation about Amazon’s entry into the healthcare industry, in both drug distribution and web services.
Against the backdrop of potential Medicare and Affordable Care Act changes, we look at this new project by these influential companies and what it might mean for the future of healthcare.
Avik Roy, president of The Foundation for Research on Equal Opportunity, a non-profit think tank; opinion editor at Forbes and former policy advisor to Marco Rubio, Rick Perry and Mitt Romney
Kavita Patel, M.D., fellow at the Brookings Institution; she’s also a practicing primary care physician at Johns Hopkins Medicine and was previously a director of policy for The White House under President Obama; she tweets @kavitapmd