The Lincoln Plan and the tapeworm
No doubt by now you've heard about the consortium of Amazon, Berkshire Hathaway and JP Morgan Chase planning to form an independent company to reduce their employee health-care costs (EDITORS NOTE: won't be long now when larger employers will see merit in hiring their own company doc once they get over the tri-fear of liability, hospitalization and catastrophic care hurdle (sorta like the old school nurse program when I was a kid).
Naturally, health care, pharmacy and drug distribution stocks quaked in their boots following the announcement of the plan. Assuming that some version of the plan evolves, disintermediation in the channel is in all probability at risk going forward
The three (3) companies spearheading the effort dubbed it code name "The Lincoln Plan" hoping to rid the system of profit-making incentive, "friction" and constraints built into the existing health care system. Naturally, technology will play a significant role in the proposed solution. In all probability, I suspect that we will see online access to physicians who can diagnose/prescribe (which will cover 90% of the typical throughput in the system today).
"The ballooning costs of healthcare act as a hungry tapeworm on the American economy," Warren Buffett said. "Putting our collective resources behind the country's best talent can, in time, check the rise in health costs while concurrently enhancing patient satisfaction and outcomes."
Maybe business and the CEOs that lead them can help the politicians with a solution to this age-old challenge. What I personally love about this possibility is the collaboration of American business to solve a problem. Take it out of the hands of the politicians. After we fix this, let's let business address our broken education system. I don't know a CEO who presently holds a favorable opinion of the American education system.
Watch this health care possibility evolve and keep your fingers crossed that the idea gets legs.