Amazon to enter healthcare sector in a collaboration with US firms

Amazon is now firmly planning to join forces with US firms and enter the healthcare sector. Three of the biggest private employers in the United States are now teaming up to be able to offer all of their employees subsidies to their healthcare. This merger involves JP Morgan, Berkshire Hathaway and Amazon, who are all teaming up to create a new healthcare firm aimed solely at cutting down the costs to all of their United States employees.

The firms involved have been speaking out to say that the new independent firm will be “free from profit-making incentives and constraints”. As well as this, they added that they strongly wish to provide care to their staff at a more “reasonable cost”. However, this announcement has ignited old fears that the super tech giant Amazon may completely disrupt the healthcare sector in the same way it has been known to rock the boat of the retail sector. These three firms just happen to be the three largest private employers in the whole of the United States. Overall, collectively employing well over 500,000 staff members.

The three companies vouch that they will push all of their collective focus on creating the technology to provide “simplified, high-quality and transparent healthcare” for everyone who would benefit from it. The chairman and chief executive of JP Morgan Chase, Jamie Dimon is quoted with the following “Our people want transparency, knowledge and control when it comes to managing their healthcare.. The three of our companies have extraordinary resources, and our goal is to create solutions that benefit our US employees, their families and, potentially, all Americans.”

In light of this recent news, BBC’s technology correspondent Rory Cellan-Jones says “He’s the man who started with what was effectively a mail order bookshop with an email address and ended up building a vast machine that has transformed the world’s retail industry. Along the way he has sparked a revolution in enterprise computing, putting thousands of organisations into the cloud, bought the Washington Post, and is trying to rival Elon Musk as a space entrepreneur.”.

Rory added “No wonder Jeff Bezos thinks he can do anything, including the fearsome task of finding a middle way for American healthcare, which even Donald Trump has described as “so complicated”. Just as with Mr Trump, many analysts have predicted over the years that Jeff Bezos and his various ventures are heading for failure or bankruptcy. But the world’s richest man – well this month at least – has stuck by his own vision and charged ahead. Don’t expect him to give up on his audacious health plan in a hurry.”