Santa Clara, Calif - January 31, 2018 – Giants Amazon, Berkshire Hathaway and JPMorgan announced a partnership to cut health costs and improve services for their employees. The aim of this new independent and non-profit operation will focus on technology solutions which will simplify the US healthcare system, providing employees and their families with high-quality and transparent healthcare at a reasonable cost.
These three companies together have almost 1.1 million of employees across the globe. “Look for this to be a first step that could involve more direct participation by one or more of these organizations in the wider healthcare market. Companies who are financially responsible for their employee's healthcare and need a healthy and productive workforce to remain competitive, are searching for answers and looking to innovate beyond the current health system approaches, explains Transformational Health Senior Vice PresidentGreg Caressi. “This is an example of innovative companies combining to create new models to address health care and health system issues that impact their business. They are disrupting the system to meet broader goals, which will advance change in a slow moving ecosystem.”
“I applaud the new innovative initiatives from companies like CVS, Aetna, Apple, Google and this new venture, but I don't think it will be enough to fix our deeply dysfunctional $3 trillion healthcare problem. We need to go "all in" with a Marshall Plan-type program. Piecemeal tweaking around the edges may just create more distortions and inequities,” concludes Transformational Health Principal Analyst Nancy Fabozzi.
To connect and start a dialog with our analysts and their teams, please contact Mariana Fernandez, Corporate Communications at [email protected]
