In just two hours, Amazon erased $30 billion in market value for healthcare’s biggest companies

McSlaggart

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Amazon has disrupted fashion, books, furniture, food, cloud-based storage services, and much else besides. Now, it’s coming for one of the biggest, most complex industries in the US: healthcare.

Today (Jan. 30), Amazon, Berkshire Hathaway, and JPMorgan announced a vague but market-moving plan to launch an independent company that will offer healthcare services to the companies’ employees at a lower cost. The venture, which will be managed by executives from the firms, will be run more like a non-profit, than a for-profit entity.

The market value of 10 large, listed health insurance and pharmacy stocks 1 dropped by a combined $30 billion in the first two hours of trading. At the time of writing, insurer MetLife was the hardest hit, down nearly 9% for the day.

https://qz.com/1192731/amazons-push-into-healthcare-just-cost-the-industry-30-billion-in-market-cap/

I hope this works and shows us ways to develop our own healthcare at a greatly reduced cost.
 


Niall996

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Non profit! HaHa!
 

Spanner Island

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Amazon has disrupted fashion, books, furniture, food, cloud-based storage services, and much else besides. Now, it’s coming for one of the biggest, most complex industries in the US: healthcare.

Today (Jan. 30), Amazon, Berkshire Hathaway, and JPMorgan announced a vague but market-moving plan to launch an independent company that will offer healthcare services to the companies’ employees at a lower cost. The venture, which will be managed by executives from the firms, will be run more like a non-profit, than a for-profit entity.

The market value of 10 large, listed health insurance and pharmacy stocks 1 dropped by a combined $30 billion in the first two hours of trading. At the time of writing, insurer MetLife was the hardest hit, down nearly 9% for the day.

https://qz.com/1192731/amazons-push-into-healthcare-just-cost-the-industry-30-billion-in-market-cap/

I hope this works and shows us ways to develop our own healthcare at a greatly reduced cost.
The drug companies are probably a lot more responsible for the opioid epidemic in the U.S. than they or the Govt. would care to admit...

Pills for everything in the U.S... and boy do they take them... for everything... like candy...

Hardly surprising once hooked and considering how extortionate much of the 'legitimate' medical sector is in America that so many end up turning to illicit providers...

No doubt they're all thrilled about Trump's tax cuts though...
 

Spanner Island

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Amazon, Apple and Alphabet (Google) vying to be the first trillion dollar companies.

QE will have helped a lot with this.
 

paulp

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Copying QuinnDirect no doubt
 

Man or Mouse

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Amazon has disrupted fashion, books, furniture, food, cloud-based storage services, and much else besides. Now, it’s coming for one of the biggest, most complex industries in the US: healthcare.

Today (Jan. 30), Amazon, Berkshire Hathaway, and JPMorgan announced a vague but market-moving plan to launch an independent company that will offer healthcare services to the companies’ employees at a lower cost. The venture, which will be managed by executives from the firms, will be run more like a non-profit, than a for-profit entity.

The market value of 10 large, listed health insurance and pharmacy stocks 1 dropped by a combined $30 billion in the first two hours of trading. At the time of writing, insurer MetLife was the hardest hit, down nearly 9% for the day.

https://qz.com/1192731/amazons-push-into-healthcare-just-cost-the-industry-30-billion-in-market-cap/

I hope this works and shows us ways to develop our own healthcare at a greatly reduced cost.
Sounds something like self insurance in industry. Similar principles at work. Can't understand how it hasn't been mooted before.
 

gleeful

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Amazon is heading for a stock market crash at some point. The issue is that Amazon is priced like a tech company - but its really a conglomerate. At some point the stock market will change its mind on Amazon and the shares will reduce by about 50-80%
 

Socratus O' Pericles

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If Jeff could invent a "cure" for baldness he'd make real money.
 

NYCKY

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Amazon has disrupted fashion, books, furniture, food, cloud-based storage services, and much else besides. Now, it’s coming for one of the biggest, most complex industries in the US: healthcare.

Today (Jan. 30), Amazon, Berkshire Hathaway, and JPMorgan announced a vague but market-moving plan to launch an independent company that will offer healthcare services to the companies’ employees at a lower cost. The venture, which will be managed by executives from the firms, will be run more like a non-profit, than a for-profit entity.

The market value of 10 large, listed health insurance and pharmacy stocks 1 dropped by a combined $30 billion in the first two hours of trading. At the time of writing, insurer MetLife was the hardest hit, down nearly 9% for the day.

https://qz.com/1192731/amazons-push-into-healthcare-just-cost-the-industry-30-billion-in-market-cap/

I hope this works and shows us ways to develop our own healthcare at a greatly reduced cost.
It wasn't just Amazon, as you note in your OP it also involved, Chase and Berkshire Hathaway.
 

GDPR

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The US health industry needs a serious overhaul, but I am not sure if this is the way to go about it.
 

Orbit v2

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Amazon is heading for a stock market crash at some point. The issue is that Amazon is priced like a tech company - but its really a conglomerate. At some point the stock market will change its mind on Amazon and the shares will reduce by about 50-80%
It is a tech company. They are massive in cloud computing for instance.
 

dizillusioned

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If Jeff could invent a "cure" for baldness he'd make real money.
And he could ship it by drone within 24 hours (if you are a Prime member)

The US health industry needs a serious overhaul, but I am not sure if this is the way to go about it.
Anything that creates competition at this stage in the US Health market is welcome. There are so many areas in the US where Obamacare has caused there to be only 1 provider of healthcare. Insurance premiums have skyrocketed as there is no competition in the marketplace. The fact that health insurance providers can only work in one State and not cross state lines is crazy, yet insurance can be used cross state lines??? it just does not make sense.

I am no fan of Amazon. They are IMHO a bad employer, have ruined many industries (especially retail) and are NOT cheap.
 

Burnout

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Twitter
I have a life.
Just wait till our boys 'roll out' broadband.
 

Sync

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Amazon, Apple and Alphabet (Google) vying to be the first trillion dollar companies.

QE will have helped a lot with this.
It's between Apple and Amazon imo. Alphabet will get there afterwards.

Amazon's just such a lovely stock. Stuck my entire bonus into them last year. Just keeps spiking. And it's real! They make actual money. Less elastic than other stocks.
 


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