Amazon is Launching...Health Care?

posted by Jonathan - 

We've all come to terms with the fact that Amazon is taking over the world right?

Just last week, they launched their first cashier-less grocery store, Amazon Go, in downtown Seattle. Today, they announced that they're venturing into health care.

That is not a misprint.

Amazon is getting into the medical game.  CEO Jeff Bezos is teaming up with JPMorganChase and Berkshire Hathaway to create an independent health care system for their domestic employees.

In his announcement, Bezos states “Hard as it might be, reducing healthcare’s burden on the economy while improving outcomes for employees and their families would be worth the effort. Success is going to require talented experts, a beginner’s mind, and a long-term orientation.”

Basically, the three companies will start by trying to offer affordable health care alternatives for their own employees, but they're not ruling out eventually offering healthcare solutions for all Americans in a shakeup that would drastically change the current medical landscape.

Would you buy health insurance through Amazon? Speculation online has been surprisingly positive, which is either a testament to our trust in Amazon or an alarming condemnation of the healthcare industry - or maybe both.

While it's likely still years away from affecting the average consumer, Amazon's technology and easy access to millions of Americans could potentially provide a really appealing healthcare alternative. Would you be in?

Read more about the venture here.

Jonathan

Jonathan

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