It was a big story: It held the news cycle for more than 24 hours, until something about some memo sucked up all our oxygen.
It was about business. And health care.
BIG businesses doing something to TRANSFORM health care.
The announcement caused the stock prices of other big companies in the ‘health care space’ to drop.
We’re still fuzzy on the WHAT.
As to the WHO: Amazon, Berkshire Hathaway, and JP Morgan Chase. The three behemoths plan to come together to form a non-profit entity to ‘disrupt’ health care.
The WHY: health care for their > 1 million combined employees (and all over the U.S.) costs too damn much.
The headlines were breathless, e.g. Forbes: “Amazon, Berkshire Hathaway, and JP Morgan Could Disrupt U.S. Health Care and Capitalism as we Know It.”
Capitalism as we know it.
It’s a great story. It has compelling figures. I, like many, want to believe that it’s possible to disrupt our piecemeal, overwrought, and insanely expensive health care non-system.
Many others have tried. And failed.
Here’s a contrarian view on the big announcement from a seasoned observer. Is his skepticism warranted or can Amazon and friends do for health care what they’ve done in retail and web services?
What do you think? Can J.P. Berkazon crack the U.S. health care nut?