A NEW POWERHOUSE COLLABORATION ON HEALTH

Introduction

Amazon, Berkshire Hathaway and
JPMorgan are combining efforts to look into ways to bring about affordable
healthcare to the US-based employees. This combined effort is aimed at
improving health care and ensuring it’s affordable to the hundreds and thousands
of employees in US.

This team-up among three
companies was reported on 30th of January 2018, with firms looking
into ways to satisfy employees with available medication services which are
deemed to go down in terms of costing. It’s like the people of USA love iconic
companies when they collaborate to relief population on stresses and challenges
of offering healthcare services.

Do we need this giants, really?

According to the JPMorgan Chase
survey of Q3 2017, on healthcare, the US healthcare is expected to grow at
higher rate than the gross domestic product by 2025. In fact, the spending alone
on health care rose by 5% between 2000 and 2015 alone. With such huge increase
in health care cost, a robust medical scheme is the way to go.

How will it work?

With an objective of improving patients’
satisfaction and overall outcomes, this collaboration wil gear towards a common
belief that will look into ways collective resources can regulate health
costing in a sustainable way.

Sustainable or not?

With an expected patient
population of about 900,000; this scheme looks ambitious and it requires
intense planning, leadership, resources and goodwill from employees. Each company
is expected to pull together its resources, Amazon will provide a good platform
for selling drugs; Berkshire has an Insurance firm and JPMorgan is strategic advisor,
financier and planner.

But with such strategic and
well-able brains the like of Bezos, Buffet and Dimon behind it, it’s a matter
of time to make this a reality and share out as a development model case study
for companies wishing to start personal health care services for their employees.

Summary

Such a strategic move by the big companies’
i.e the JPMorgan Chase, Amazon and Berkshire signals a growing frustration with
the status quo and the current health care system. Perhaps this is a trend we
may see in years to come where firms would rather provide medical care to their
staff than pay up premiums in the name of insurance health cover that is not
paramount to its vision and mission.

Indeed, technology and data will play
huge in efforts to restore sanity within the healthcare system. This is not a
rebirth of just another health insurance company, no, it’s a way firms want to
extract value from other ways which lie dormant that current health plans and
medical providers have either neglected or are not capacitated to do so.

REFERENCES: WWW.USATODAY.COM , WWW.NYTIMES.COM