Amazon collaborating with Berkshire Hathaway and JPMorgan aims to build his own healthcare company for the very benefit of its own employees . The company’s are big and powerful enough so instead of relying on other companies they intend to devise a new healthcare company just for the sake of its own employees so they are independent in terms of healthcare.
Amazon announced this news on Tuesday that the company will lay foundation in United States . The announcement further added unsureness to the rumors that the new players in the already staggering industry has been attacking the notorious inefficient health care centers .
The main cause behind the formation of this company is no other than just the well fair and prosperity of the workers of these three companies without any profit acquiring interests from it.
According to the Wall street journal the main goal behind the formation of this healtcare company is just well being of employees and that it will be “free from profit-making incentives and constraints,” It is a long term plan and it is expected to avoid unnecessary frustrations and involvements from the third party services
Jeff Bezos , Amazon founder , said in an official statement that the three collaborating companies are well aware of the difficulties that might be faced in the future and that they are “open eyed” in terms of difficulties .
Bezos said ” The ultimate goal of reducing healthcare’s burden on the economy while improving outcomes for employees and their families would be worth the effort.”
Berkshire Hathaway CEO Warren Buffet further added that “The ballooning costs of healthcare act as a hungry tapeworm on the American economy,”and also JPMorgan Chase the chief executive Jamie Dimon state in an official statement that the ultimate aim behind all this is to “create solutions that benefit our U.S. employees, their families and, potentially, all Americans.”
The news of this project created a wave of debates that whether the companies will be able to accomplish what they aim for because other companies were also motivated to do the same but they failed .
It is unsure what good the new project would do for the people , whether it will help the consumers to understand the health care cost for the people and to approach their medical records more easily or the changes will be more considerable as more and wider use of tele-medicine and more visits from virtual doctors. The questions remains will it be reliable or not.
But doubtlessly the three companies are one of the biggest influential icons , they are known for one of the most influencing companies there are out there so the results might be different this time , that this time these companies may succeed in what they are aiming for.
Ed Keplan practice leader of the Segal Group said in an official announcement said that ” those are three big players and i think if they get into the health care and insurance or the health care coverage space they are definitely going to make a big impact “.