Journal of Urgent Care Medicine

Amazon, Berkshire Hathaway, JPMorgan Chase Circle the Wagons to Cut Healthcare Costs

Three gigantic—and extremely wealthy—corporations are joining forces to try to lower what their leadership considers to be exorbitant healthcare costs. Amazon, Berkshire Hathaway, and JPMorgan Chase say they’re forming an “independent healthcare company” specifically for their employees—more than a million people, though not all are in the U.S. The new entity will focus on technological solutions to lower costs, simplify coverage, and increase transparency in employee healthcare. Berkshire Hathaway’s Warren Buffet says the triumvirate “does …

Update: Amazon is Expected to Distribute Medical Devices and Supplies, not Medications

All the recent talk about Amazon’s plans to become a wholesale pharmacy distributor seems to have been exactly that—just talk—as industry analysts have learned the online retailer has no intentions (currently) to start storing and shipping medications. Rather, they expect the company to use the pharmacy licenses it obtained in 12 states recently for medical devices and supplies. The investment firm Jefferies learned that Amazon went so far as to tell officials in Tennessee and …

Amazon is Licensed as a Wholesale Pharmacy Distributor in a Dozen States

Though they’ll need to acquire additional licensure before they can start shipping prescription drugs to customers, Amazon has been licensed as a wholesale pharmacy distributor in 12 states. Regulators in Alabama, Arizona, Connecticut, Idaho, Louisiana, Michigan, New Hampshire, New Jersey, Nevada, North Dakota, Oregon, and Tennessee have all given their blessing. Obviously, this has raised conjecture that the virtual retail giant has big plans to make a name for itself in healthcare delivery. Analysts say …