FORMATSBACK
THERE ARE AT LEAST TWO SIDES TO EVERY STORY
THERE ARE AT LEAST TWO SIDES TO EVERY STORY
Without the bureaucracy and regulation that weigh down US healthcare, Amazon, Berkshire Hathaway and JPMorgan’s project to launch their own healthcare system could be a success, suggests Leonid Bershidsky of Bloomberg. The current medical organization is inefficient. Americans pay much more than their European counterparts for healthcare that is generally inferior. The Amazon-led project could do away with needless costs and excessive regulation to provide better care for its three million employees. It could inspire the rest of the US system to change and improve.
Keep on reading at BloombergWhile Amazon, Berkshire Hathaway and JPMorgan’s effort to provide healthcare themselves looks positive, it will likely only benefit its employees and could raise costs for everyone else, holds Elisabeth Rosenthal of The New York Times. They can negotiate with drug companies to get the best possible deals, which Medicare can’t. This will result in providers raising prices for the latter to make up for losses. The new project seems appealing to those it covers, but there's no guarantee that it will better American healthcare. These companies ultimately serve shareholders.
Keep on reading at the New York Times