WOW: Amazon, Berkshire, JP Morgan forming health care company

[Mac1958]

Holy crap, this could get interesting. Bezos, Buffett and Dimon are all sharp Democrats. Let's see what they come up with.

Amazon, Berkshire, JPMorgan Link Up to Form New Health-Care Company
..

 

[rightwinger]

It will only be for their employees

Be interesting to see what they come up with

Maybe some type of socialized medicine

 

[TNHarley]

It will only be for their employees

Be interesting to see what they come up with

Maybe some type of socialized medicine

If its just companies, it isnt socialized

 

[Mac1958]

I like this combo, though. And Buffett doesn't play bullshit games, he's about value and efficiency.

 

[rightwinger]

It will only be for their employees

Be interesting to see what they come up with

Maybe some type of socialized medicine

If its just companies, it isnt socialized

Could be socialized among their employee network

 

[TNHarley]

It will only be for their employees

Be interesting to see what they come up with

Maybe some type of socialized medicine

If its just companies, it isnt socialized

Could be socialized among their employee network

I understand. I was just nit picking. lol
An employee network cant be socialized by definition. Socialized medicine involves the public.

 

[nat4900]

An employee network cant be socialized by definition. Socialized medicine involves the public.

Tell THAT to the VA......

 

[MadChemist]

Please notice this is big money.

It takes big money to form this kind of company and work in this industry.

Thanks to the government.

We appreciate you Obama (and the rest of the morons who create regulations that make it harder for us to get competition).

 

[rightwinger]

It will only be for their employees

Be interesting to see what they come up with

Maybe some type of socialized medicine

If its just companies, it isnt socialized

Could be socialized among their employee network

I understand. I was just nit picking. lol
An employee network cant be socialized by definition. Socialized medicine involves the public.

I think they are looking at something other than....Lets give Blue Cross a call

By controlling the insurance themselves, they cut out the Big Insurance middleman

They can also negotiate special deals with doctors and hospitals

 

[rightwinger]

It will only be for their employees

Be interesting to see what they come up with

Maybe some type of socialized medicine

If its just companies, it isnt socialized

Could be socialized among their employee network

I understand. I was just nit picking. lol
An employee network cant be socialized by definition. Socialized medicine involves the public.

I think they are looking at something other than....Lets give Blue Cross a call

By controlling the insurance themselves, they cut out the Big Insurance middleman

They can also negotiate special deals with doctors and hospitals

 

[nat4900]

We appreciate you Obama (and the rest of the morons who create regulations that make it harder for us to get competition).

Insurers are among a handful of industries, including Major League Baseball, that have a special exemption from federal antitrust laws.

 

[MadChemist]

We appreciate you Obama (and the rest of the morons who create regulations that make it harder for us to get competition).

Insurers are among a handful of industries, including Major League Baseball, that have a special exemption from federal antitrust laws.

Except that......

Proponents say that the legislation would spur competition among insurers and bring down costs for consumers. Reps. Tom Perriello, D-Va., and Betsy Markey, D-Colo., who are sponsoring the bill, said in a press release it would "end special treatment for the insurance industry that allows them to fix prices, collude with each other, and set their own markets without fear of being investigated."

But many antitrust experts say that ending the exemption — by repealing the 1945 McCarran-Ferguson Act — wouldn't significantly increase competition or reduce premiums.

"This is just barking up the wrong tree for health insurance," said Scott Harrington, a professor of health care management at the Wharton School at the University of Pennsylvania. While many lawmakers are eager to pass some kind of health care bill, they "don't have a clue how the antitrust exemption works. It might sound good, but I can think of very few things in the bill that would be less consequential for consumers of health insurance."

What The Antitrust Exemption For Health Insurers Means

Look at the left wing.....screwing it up....again.

 

[Vandalshandle]

Guys, I don't know what the big deal is. Major employers have been self insuring since the mid 1970's. They only hire insurance companies to process the claims, and sometimes rent their provider network, if they are too busy to set up their own. There is absolutely nothing new about his. In fact, the last job I had before I retired 10 years ago was handling Disney's aggregate and specific insurance needs on their self funded health plan. In other words, I got quotes and sold them insurance coverage on any single person's claim that exceeded a million dollars.

 

[debbiedowner]

Guys, I don't know what the big deal is. Major employers have been self insuring since the mid 1970's. They only hire insurance companies to process the claims, and sometimes rent their provider network, if they are too busy to set up their own. There is absolutely nothing new about his. In fact, the last job I had before I retired 10 years ago was handling Disney's aggregate and specific insurance needs on their self funded health plan. In other words, I got quotes and sold them insurance coverage on any single person's claim that exceeded a million dollars.

I thought the exact same thing when I read the article this morning. Maybe they'll set up their own 3rd party to administer claims rather than use an insurance company or 3rd party that already has a track record. They will pull the strings though. But it did send UHC and Anthem's stock down on the news.

 

[dblack]

We appreciate you Obama (and the rest of the morons who create regulations that make it harder for us to get competition).

Insurers are among a handful of industries, including Major League Baseball, that have a special exemption from federal antitrust laws.

Health care, via corrosive health insurance, has long been a means of controlling "employees". This looks like the end-game.

It's as if the banksters have been trying to replace slavery ever since the civil war.

 

[Picaro]

Their 'Big Plan' is merely to dump most people from real coverage and pursue the most profitable course for themselves. I don't know why people think the likes of Buffet and Bezos and their ilk are 'enlightened progressives' or something; they aren't, they're entirely out for themselves. This means only insuring the wealthy and offering them boutique medicine, and dumping 'everybody else' on the state and federal coffers. Obamacare showed they can get the govt. to force people to pay 'premiums' for worthless policies and subsidize care for the rich, and morons will buy it and actually pay into the scam. Socialism for the wealthy is nothing new in the U.S. The public continually pays for medical research they will never benefit from, while the wealthy get more tax cuts and freebies.

 

[dblack]

Their 'Big Plan' is merely to dump most people from real coverage and pursue the most profitable course for themselves. I don't know why people think the likes of Buffet and Bezos and their ilk are 'enlightened progressives' or something; they aren't, they're entirely out for themselves. This means only insuring the wealthy and offering them boutique medicine, and dumping 'everybody else' on the state and federal coffers.

You seem to be missing the point. This is not about depriving people of health care. It's about making maximizing dependency. It's about controlling people, specifically labor.

 

[Picaro]

We appreciate you Obama (and the rest of the morons who create regulations that make it harder for us to get competition).

Insurers are among a handful of industries, including Major League Baseball, that have a special exemption from federal antitrust laws.

Exactly, and they also get to decide what their income is on tax returns, too. Buffet got his start in insurance, in case anybody still doesn't know that; it's a huge cash cow.

 

[Picaro]

Holy crap, this could get interesting. Bezos, Buffett and Dimon are all sharp Democrats. Let's see what they come up with.

Amazon, Berkshire, JPMorgan Link Up to Form New Health-Care Company
..

All of them love sweatshop labor and the companies who operate them. The one thing they aren't going to do is insure workers themselves. They specialize in screwing workers over.

 

[Picaro]

Their 'Big Plan' is merely to dump most people from real coverage and pursue the most profitable course for themselves. I don't know why people think the likes of Buffet and Bezos and their ilk are 'enlightened progressives' or something; they aren't, they're entirely out for themselves. This means only insuring the wealthy and offering them boutique medicine, and dumping 'everybody else' on the state and federal coffers.

You seem to be missing the point. This is not about depriving people of health care. It's about making maximizing dependency. It's about controlling people, specifically labor.

You seem to be delusional and not familiar with how the scams work.