[HN Gopher] Amazon, Berkshire Hathaway, JPMorgan End Health-Care...
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Amazon, Berkshire Hathaway, JPMorgan End Health-Care Venture Haven
Author : jweir
Score : 36 points
Date : 2021-01-04 19:21 UTC (3 hours ago)
(HTM) web link (www.cnbc.com)
(TXT) w3m dump (www.cnbc.com)
| DIVx0 wrote:
| I'd be curious to know some more details. The article says
| turnover was a problem at all levels, but why?
|
| I am in this same industry and I'm really interested to learn
| what a massively well connected and funded startup discovered
| that made it better to toss in the towel.
| djohnston wrote:
| Admittedtly without evidence, I would speculate that they ran
| up against institutional players who had better lobbying power
| for this industry. There is no technical limitation to explain
| why our healthcare system sucks, it's some crazy combination of
| inefficient policies, beaurocracies, and established parties
| who benefit from the preceding two. But agreed, would love to
| see more.
| supertrope wrote:
| "It is difficult to get a man to understand something, when
| his salary depends on his not understanding it." - Upton
| Sinclair
|
| There's no single institution or person holding us back. Real
| life isn't a movie with a villain who can be defeated and
| then we live happily ever after. There's no magic HealthCare
| Bot 3000 technology or hack that will deliver a breakthrough
| in curing disease and injury, and/or disrupt current business
| models. Hospitals don't want to lose revenue. Physicians who
| don't want to lose revenue and turf. Drugmakers don't want to
| lose revenue. Patients refuse to opt into* any limits on
| care, demand nearly perfectly safe drugs, and say they only
| want the best care. The only deflationary force in the
| industry is have nots avoiding care at significant cost to
| life and limb.
|
| *Even relatively comfortable employer plans and Medicare have
| significant gatekeeping of medical care: "out of network,"
| deductibles, what procedures and drugs are covered)
| toomuchtodo wrote:
| Turns out you need to fix the laws around healthcare to fix
| healthcare.
|
| https://www.congress.gov/bill/116th-congress/senate-
| bill/112...
| specialist wrote:
| It's almost as if Freedom Markets(tm) would benefit from
| clear rules, professional administration, and fair &
| impartial referees.
| Red_Leaves_Flyy wrote:
| The laws that incumbents write for their industries
| encourage extractive pricing models while discouraging
| competition and innovation.
| rmrfstar wrote:
| This is probably an indicator that outside counsel is saying
| "antitrust might be a real thing again, why don't you lower
| your profile a smidge." Nothing says "cartel" louder than a
| "joint venture" comprised of 3 companies with $2.5 trillion in
| market capitalization.
| ProAm wrote:
| I dont think they are throwing in the towel, I think they are
| all going about it on their own to capture more of the low
| hanging profit?
|
| > One key issue facing Haven was that while the firm came up
| with ideas, each of the three founding companies executed their
| own projects separately with their own employees, obviating the
| need for the joint venture to begin with, according to the
| people, who declined to be identified speaking about the
| matter.
| Technically wrote:
| Maybe we've reached the point where startups are just really
| expensive spikes.
| boulos wrote:
| https://www.cnbc.com/2021/01/04/haven-the-amazon-berkshire-j...
| seems to have more background (and claims to be the original
| scoop)
| dang wrote:
| Ok, changed from https://www.wsj.com/articles/amazon-berkshire-
| hathaway-jpmor.... Thanks!
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(page generated 2021-01-04 23:01 UTC)