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Tuesday, 30 January 2018
quote [ Three major employers, Amazon, Berkshire Hathaway and JP Morgan Chase, announced Tuesday they were partnering to create an independent company aimed at reining in health care costs for their employees. ]
This is a follow up to my previous post about a not-for-profit generic drug company forming to fight rising health costs. Makes sense that the business giants would take the whole healthcare tar-baby in house at some point. Text in extended because WaPo.
Previous post on generic drugs:
http://www.sensibleendowment.com/entry.php/11111 Article from Bloomberg: https://www.bloomberg.com/news/articles/2018-01-30/amazon-berkshire-jpmorgan-to-set-up-a-health-company-for-staff WaPo article is short at this point, still under the "Breaking News" headline.
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bbqkink said @ 7:54pm GMT on 30th January
I think they got tired of waiting on the government to do it. The only reason you need an insurance company at all is they provide the loan of money. These companies don't need to borrow money and neither does the government. At an approximate cost of 20% insurance companies pay hospital and doctor bills...an outrageous loan rate especially when most of that money is guaranteed by the government o start with.
This may raise insurance rates for everybody else...greatly. taking this many mostly healthy people out of the pool is not good for the insurance companies bottom line. But it will show that nonprofit health care works.
bbqkink said @ 7:58pm GMT on 30th January
I think they got tired of waiting on the government to do it. The only reason you need an insurance company at all is they provide the loan of money. These companies don't need to borrow money and neither does the government. At an approximate cost of 20% insurance companies pay hospital and doctor bills...an outrageous loan rate especially when most of that money is guaranteed by the government o start with.
This may raise insurance rates for everybody else...greatly. taking this many mostly healthy people out of the pool is not good for the insurance companies bottom line. But it will show that nonprofit health care works.
And I also heard that they may offer it to other companies after they get it off the ground.
<-- Entry / Current Comment
bbqkink said @ 7:54pm GMT on 30th January [Score:1 Underrated]
I think they got tired of waiting on the government to do it. The only reason you need an insurance company at all is they provide the loan of money. These companies don't need to borrow money and neither does the government. At an approximate cost of 20% insurance companies pay hospital and doctor bills...an outrageous loan rate especially when most of that money is guaranteed by the government o start with.
This may raise insurance rates for everybody else...greatly. taking this many mostly healthy people out of the pool is not good for the insurance companies bottom line. But it will show that nonprofit health care works.
And I also heard that they may offer it to other companies after they get it off the ground.
