Amazon, Berkshire Hathaway, JPMorgan form health care mega-company
In the midst of Trump’s war on Obamacare, there is another huge disruptive force, Amazon.
Details are thin, but the new entity will be “free from profit-making incentives” and focus on employer-based health benefits. Meanwhile, Amazon has been getting pharmacy licences across the US.
Even HQ2 may be headed to Philadelphia because suburban Philly is in the midst of a huge part of the big pharmaceutical industry. Meanwhile the University of Pennsylvania, with its medical school, and business school, would be a great source of expertise for ADD Amazon Delivers Drugs! That for profit, huge profit, would be primary beneficiary of the new company created by Amazon along with the financial resources of Berkshire Hathaway and JPMorgan.
But wait, there is more. The announcement says this new entity focuses on “technology solutions that will provide U.S. employees and their families with simplified, high-quality and transparent healthcare at a reasonable cost.” Amazon’s purchase of Whole Foods gives Amazon brick and mortar everywhere. Combining the availability of a doctor or physician’s assistant with drug sales retail puts Bezos in a unique position to revolutionize the retail drug business. The model is already there in the merger of Aetna with CVS … that combine creates a behemoth for the Doc in the Box industry. Put Docs in the Whole Food Healthy Food stores, add software to watch a patient’s drug needs and Amazon delivery?