We have seen the future, and it sucks.

Amazon, Berkshire, JPMorgan to Create Healthcare Company

30th January 2018

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Amazon.com Inc., Buffett’s Berkshire Hathaway Inc. and JPMorgan Chase & Co. said they plan to collaborate on a way to offer health-care services to their U.S. employees more transparently and at a lower cost. The three companies plan to set up a new independent company “that is free from profit-making incentives and constraints,” according to a short statement on Tuesday.

Unfortunately, ‘profit-making incentives and constraints’ aren’t the problem with American health care; government regulations and collusion between government and insurance company bureaucrats are the problem, and it’s hard to see how merely forming a new company will get around those difficulties.

One Response to “Amazon, Berkshire, JPMorgan to Create Healthcare Company”

  1. RealRick Says:

    Show of hands, how many people believe that Bezos, Buffett, and Dimon are investing their money in something that is not expected to put piles of money into their hands?

    Of course, the correct answer is that nobody in his right mind should believe that. I know people who have personally negotiated with Buffett. He’d dig up his mother’s grave if he thought she took any jewelry with her.

    Obamacare was a scam intended to extract money and put it into the hands of The Crust. Despite the half-assed and half-witted attempts by the Republicans to help it along, general incompetence has rendered it useless. So now The Crust is setting up their own private version. Look for a line of politicians begging to get their piece of the deal.

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