I read the announcement as the three companies deciding to self-insure. But maybe they’re opening their own hospitals, a mini-NHS for Amazon. Who knows!
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It's a blockchain ACO.
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with an AI tech stack.
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They deliver your health care in less than 2 days but with a lot of unnecessary packaging.
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Its a new health plan called Oscar that will focus on using technology to make health care more efficient and patient friendly... Oh wait.
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They could be like the original Kaiser Permanente, buy hospitals and medical practices and be their own PBM.
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They don’t even come out and say whether it’s a non-profit.
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Read the NYT’s article. It’s non profit.
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Guess: risk-bearing self-funded provider network heavily reliant on telehealth and employer-based healthcare outlets. Non-physician practitioners doing most of the heavy lifting.
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I wanna know too. Costs won't go down too far if they don't have a plan to squeeze doctors, hospitals, and pharmaceutical companies.
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Do you mean charges wont go down?
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Not without an effective plan to contain costs. Either provide bad care or benefits (squeeze the patient), or lower reimbursement levels (squeeze providers).
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I agree, but you dont know what your costs are.
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Well, JPMorganChase(JPM) run by Jamie Dimon has been fined billions 4 felony financial transactions, yet no-one went 2 jail. Berkshire Hathaway, run by Warren Buffett is largest hedge fund in U.S., & Amazon, run by richest person in world, Jeff Bezos. Best oligarchs money can buy
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It's much ado about not much.
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It will probably be a giant HMO for Amazon/JPM/BERK employees only where they can get primary care, specialist care and Rx in a streamlined, simple, cost-effective way. Think no more confusing insurance statements and networks and hidden costs.
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If it is an HMO, who is doing the managed care? Utilization review? What is the network?
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I would think they will do as much as possible in house, and whatever they outsource will slowly be pulled in as well. Just a guess...
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Wait? We rely on YOU to explain this stuff.
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