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Did anyone read the article? It’s going To be set up as an independent company without profit as the motive. They know all their companies will earn more money
by skellera 9y ago
Did anyone read the article? It’s going To be set up as an independent company without profit as the motive.
They know all their companies will earn more money if there is more money in everyone’s pockets. Look at how much some people are spending per year on healthcare. Someone in this thread mentioned $30k for his family in a year just for insurance. If he even saved a third of that, it’d end up being spent somewhere. A good economy benefits all those big companies. The losers in this are the healthcare companies.
- csours 9y agoMy comment is about publicly traded competitors to this new company. I suppose I could have been more clear.
- skellera 9y agoSorry, it seemed like others were making that assumption without reading the article. As long as this company doesn’t go public, it seems like it will be able to stay away from that. It will be extremely competitive against companies trying to raise profits.
- philwelch 9y agoAlso, the number of employees these three companies have, put together, mean that setting up a non-profit health provider and using it to provide employee coverage saves them money in their normal businesses. Amazon might decide to make their own networking hardware or their own power generation for their datacenters to save money, but they spend more money on headcount than on datacenters, and a huge chunk of the headcount expense goes to health insurance companies.