Amazon, Berkshire and JPMorgan Plan New Healthcare Venture. Because the Market Works.
For years (decades even) Democrats have claimed people would die if government didn't run healthcare. Insisting if government didn't take over the health industry, human beings' innards would liquify. There you are in Whole Foods, squeezing avocados and wham: your lungs take on the consistency gluten-free brownie batter. All because the Republicans stopped the heroic Democrats from instituting government run, single-payer healthcare. Helmed by geniuses like Bernie Sanders.
Except now three of the world's biggest businesses are teaming up to create a healthcare plan of their own. Because screw everyone else. Surely it can't be so hard to make healthcare suck less.
Amazon (NASDAQ: AMZN), Berkshire Hathaway (NYSE: BRK.A, BRK.B) and JPMorgan Chase & Co. (NYSE: JPM) announced today that they are partnering on ways to address healthcare for their U.S. employees, with the aim of improving employee satisfaction and reducing costs. The three companies, which bring their scale and complementary expertise to this long-term effort, will pursue this objective through an independent company that is free from profit-making incentives and constraints. The initial focus of the new company will be on technology solutions that will provide U.S. employees and their families with simplified, high-quality and transparent healthcare at a reasonable cost.
So three giant businesses, who know a thing or two about running business, are approaching healthcare as a kind of business. Sure, sure, their aim is to make it "non-profit" (isn't the NFL "non-profit"?), free of "profit-making incentives and constraints" but the initial aim of improving healthcare is an important first step. Regardless of the voting habits of all three CEOs. Okay? Okay.
Tackling the enormous challenges of healthcare and harnessing its full benefits are among the greatest issues facing society today. By bringing together three of the world's leading organizations into this new and innovative construct, the group hopes to draw on its combined capabilities and resources to take a fresh approach to these critical matters.
Set aside your personal feelings of Bezos and Buffett for a second. I get they're both Democrat shills who live as "do as I say, but ignore how I budget my own lavish lifestyle." But these titans of business know what they're doing when it comes to making a business work. Unlike the blubbering twits in government. Who're better suited to spend all day xeroxing their butts.
Conservatives have said for years the government needs to get out of the way. On healthcare and life in general. With government removed, the market finds its own solutions. Better solutions. Who would you rather use to ship cookies, FedEx or the Post Office? Before you answer, try visiting the post office at noon.
Will the first incarnation of the Amazon, JPMorgan and Berkshire healthcare plan be as successful as two day shipping? Hard to say. That's not the point. If these three businesses are looking into ways to improve healthcare, who else will compete to do the same?