Sunday, March 18, 2018

Jason Del Ray — Amazon is creating a health care company with the help of Warren Buffett and JPMorgan Chase

Warren Buffett’s Berkshire Hathaway and JPMorgan Chase are working with the e-commerce giant.

ht Brad DeLong at Grasping Reality

See also
The e-commerce giant is muscling its way into a number of businesses that banks have long dominated.
American Banker
How Amazon is shaking up financial services
Keven Wack


Matt Franko said...

It’s probably just to treat all their employees with PTSD from working there...

Noah Way said...

If Amazon follow their current business model they'll undercut insurers, force them out of business, then jack up prices when the dominate the market.

JC said...

I follow you on the first part Noah. But Amazon hasn't done the "jack up the prices" part. Yet at least.

Tom Hickey said...

Price is 1) cost-sensitive and 2) margin-sensitive.

As costs rise, either margin's get smaller, or prices rise to compensate.

The result is falling profit rate or inflation.

Noah Way said...

Actually they have. AMZ beats the living crap out of suppliers and the free delivery model ("Prime") is far from cheap. Now they're opening brick and mortar bookstores in the vacuum created by killing off book retailers.