Not the first time Amazon has been down this road. Their first attempt was in the pharmacy and drug store business. Ending up in failure after that discovered that you can’t quite shake up the health sectors as you can industries like telco, finance and IT.
Pharma and healthcare are so heavily regulated and shackled by federal law that having a small nimble startup with an idea wind make the cut. That’s why it’s going to take three big hitters like this to make a dent into the current healthcare behemoth. And it’s indicative that the consortium is oriented, possibly compelled to pursue a non profit model.
All told there is a general sense of Excitement and skepticism putting Berkshire, Amazon, JPMorgan in a major league team to tackle a uniquely American health care problem. A problem that is unquestioned only to the US and unlikely scalable to places where free healthcare is a right as opposed to a luxury.
By their own account Amazon’s Jeff Bezos, Warren Buffett’s Berkshire Hathaway and Jamie Dimon of the New York bank JPMorgan Chase are decalr no that the health care company that will come out of this partnership will herald a system “free from profit-making incentives and constraints.”