For all the furor over Obamacare, the largest percentage of Americans still have health care coverage through their jobs. Altogether, the three companies have one million workers, a good sample to work with.
ObamaCare, which primarily dealt with insurance payments, rather than medical care, slowed the yearly increase in health care costs from about 8 percent annually down to 5-6 percent, which was twice as much as the overall inflation rate.
The company initially will focus on technology solutions that provide US employees and their families with simplified, high-quality and transparent healthcare at a reasonable cost.
The three companies said they would focus on technology to provide "simplified, high-quality and transparent healthcare".
Redirect Health's mission is to provide easy and truly affordable healthcare for everyone in a company, but especially those who worry about healthcare accessibility and costs.
"We have access problems, people can't get the healthcare we need", he said.
At the time, I believed my column had fallen on deaf ears, but lo and behold, here are these three champions announcing (in a deliberately-vague news release) a partnership to address that very issue. The person warned that could change.
Warren Buffett, CEO of Berkshire Hathaway, said the plan, now in its early stages, is to reduce the impact ballooning healthcare costs have on the economy.
"Our group does not come to this problem with answers", Buffet said.
Black unemployment spiked last month, disputing President Trump's self-serving argument
Trump also tweeted about the record low on January 19 - and he mentioned it Tuesday during his first State of the Union address. Black unemployment has never been equal to or lower than white unemployment in any month since the BLS began tracking it.
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The boy, who was shot in the temple, was in stable condition Thursday afternoon, and was expected to fully recover, said Dr. Parents pick up their children at Salvadore Castro Middle School in Los Angeles , California on February 1, 2018.
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Tillerson alleged that Russian Federation sells arms to unfriendly regimes in the region who do not respect democratic process. He lamented that China is now the largest trading partner with Argentina, Brazil, Chile and Peru.
We also talked Thursday about President Trump's talk in the State of the Union about lowering drug prices. Google's parent company Alphabet has tried various approaches to health care, like Google Health.
And, mind you, this is all within the context of employers providing benefits to their employees on an administrative-services-only basis, in which they pay the benefits plus a small fee to the insurance company for administering the plan.
The firms are the three largest private employers in the USA, collectively employing over 500,000 staff.
US health care achieves similar or worse results compared with other Organization for Economic Cooperation and Development (OECD) nations with a higher ratio of nurses per physician than any of them except Finland, Japan Ireland and Denmark - 4.3.
Healthcare industry experts say the new entity could eventually negotiate directly with drugmakers, doctors and hospitals and use their vast databases to get a better handle on the costs of those services.
The companies said the initiative would be "free from profit-making incentives and constraints".
Amazon, with 541,900 employees globally as of October, is known for transforming industries. For months, rumors that it could enter health care have sent shudders through the stock prices of companies whose business models might be threatened.
"When we're not all connected through the same electronic medical record or not all connected through other electronic means, it's very hard to know whether, for example, if someone who just had an MRI last week needs another one this week if they went to a different provider", he said.
Amazon's proven record of innovation means that it may pioneer new ways of creating and dispensing the drugs we take, too. Based on the chatter, it would appear that the company's focus on supply cost reduction will be integrated with some combination of a revamped payer/revenue cycle system. The company is also scouting sites for a second North American headquarters, where it plans to employ as many as 50,000 full-time workers, many of them in high-paying office jobs. It ranks 30th in the world on "basic physical and mental health, health infrastructure and preventative care", according to last year's Legatum Prosperity Index. That's some 8 percent of the number of medical graduates OECD economies produce every year - not an impossible number to bring in. Doctors in the US are massively overpaid compared with most of their OECD peers.