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| May 25, 2018

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Healthcare Archives -

Another downside to U.S. healthcare system: Way more opportunities for fraud

April 8, 2018 |

It’s no secret that Americans pay more for healthcare than people in all other developed countries. And a big reason for that is because our $ 3 trillion healthcare system is focused to a large extent on generating profits for businesses, rather than the well-being of patients.

Much of that profit-seeking…


L.A. Times – Business

Warren Buffett says his healthcare venture will do more than squeeze middlemen

February 26, 2018 |

Warren Buffett’s healthcare venture has far bigger plans than simply squeezing middlemen for better prices, the billionaire said.

“It would be very easy I think to go in and shave off 3 or 4% just by negotiating power,” Buffett said Monday in an interview on CNBC. “We’re looking for something much…


L.A. Times – Business

Healthcare stocks lead U.S. market lower

February 13, 2018 |

Healthcare companies led stocks broadly lower in Tuesday’s early trading on Wall Street as the market gave back some of its big gain from the day before.

Drug distributor companies were especially hard hit in the early going after the Wall Street Journal reported that Amazon was seeking to expand…


L.A. Times – Business

JPMorgan to Banking Clients: Joint Health-Care Venture Is No Threat

February 4, 2018 |

JPMorgan Chase & Co.’s employee health-care initiative with Amazon and Berkshire Hathaway raised worries among some of the bank’s clients of a potential competitive threat.
WSJ.com: US Business

Healthcare advice for Jeff Bezos, Warren Buffett and Jamie Dimon

January 31, 2018 |

An announcement Tuesday by three of the nation’s corporate titans — Amazon, Berkshire Hathaway Inc. and JPMorgan Chase & Co. — that they are joining forces to address the high costs of employee healthcare has stirred the health policy pot. It immediately sent shock waves through the health sector…


L.A. Times – Business

Amazon, JPMorgan, Berkshire creating new healthcare company

January 30, 2018 |

Amazon is diving into healthcare, teaming up with Warren Buffett’s Berkshire Hathaway and the New York bank JPMorgan Chase to create a company that helps their U.S. employees find quality care “at a reasonable cost.”

The business giants offered few details Tuesday and said that the project is in…


L.A. Times – Business

GOP tax bill also manages to needlessly screw up the healthcare system

December 19, 2017 |

Republicans are rushing to pass their cruel joke of a tax bill — legislation they claim will assist working families but in reality is an early Christmas present for corporations and the super-wealthy. Voting begins Tuesday.

It would be easy to devote an entire column to the vicious provisions…


L.A. Times – Business

The CVS-Aetna Gamble: A Health-Care Giant Not Built Around Doctors

December 5, 2017 |

CVS Health and Aetna say their combination will result in better care and convenience and lower costs. But the merged company will lack a strong foundation of the people with the most power to achieve those goals.
WSJ.com: US Business

CVS to Buy Aetna for $69 Billion, Combining Major Health-Care Players

December 4, 2017 |

CVS agreed to buy Aetna for about $ 69 billion in cash and stock in a move to transform the pharmacy company and capture more of what consumers spend on health care.
WSJ.com: What’s News Asia

CVS agrees to buy Aetna in $69-billion deal that could shake up healthcare industry, people familiar with the deal said

December 3, 2017 |

Pharmacy giant CVS Health has agreed to buy Aetna in a $ 69-billion blockbuster acquisition that could rein in healthcare costs and transform its 9,700 pharmacy storefronts into community medical hubs for primary care and basic procedures, people familiar with the deal said Sunday.

The pharmacy…


L.A. Times – Business