Tuesday, January 30, 2018
Amazon, JP Morgan and Berkshire Hathaway Team Up To Disrupt Healthcare Industry
Warren Buffet has argued that healthcare is a tapeworm on the US economy. It accounts for 17% of GDP in the US and that share is likely to increase as our population ages. Buffet has teamed up with Amazon and JP Morgan to provide insurance for 1.2 million employees. They are innovative companies that will learn from their experience. Hopefully, they will be as successful in the insurance business as they have been in the industries that they dominate. They have already had an impact on the stock prices of large health insurers that will face a new form of competition.