Amazon Moving into Healthcare

Amazon has just released that they are teaming with Warren Buffet and JPMorgan Chase to form a healthcare company. The focus will be on becoming a benefits provider, much like the ones many of our clients use for direct billing.

In Canada we’re lucky to have a healthcare system which is accessible to anyone, and many companies offer benefit programs for their employees. In the US any company over 49 employees must provide a plan to their staff; but less than half of companies with less than that currently provide benefits to their employees.

The company is planning to operate independently of it’s foundign firms, and “free from profit-making incentives and constraints.” Although this will be an American company (at least to start), Canadian companies will do well to take notice for how they operate!