W

hen news broke Tuesday morning that Amazon, Berkshire Hathaway, and JPMorgan Chase are forming an independent health care company for their employees, headlines hailed the idea as a way to “disrupt” health care.

“It could be big,” Ed Kaplan, who negotiates health coverage on behalf of large employers as the national health practice leader for the Segal Group, told the New York Times. “Those are three big players, and I think if they get into health care insurance or the health care coverage space they are going to make a big impact.”

But many health care experts were far more skeptical — noting both the near-total absence of details in the announcement and the fact that the history of the health care industry is littered with examples of players who have pledged to disrupt the field but ultimately failed.

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Even without details, shares of companies across the health care industry fell sharply.

 

And this being health care Twitter, there was also health care humor.

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  • Skepticism abounds on Telehealth & Telecare Aware about JPM/Amazon/BH–add in the meaningless use of ‘technology’ and the complete omission of healthcare providers, namely-doctors and nurses. Cui bono, we wondered….

  • No attempt to reduce healthcare costs will succeed substantially until the Congress stops receiving campaign contributions from The American Trial Lawyers to keep medical malpractice, the supreme cost generator, from any revision. Defensive medicine, malpractice insurance costs passed on to consumers accounts for a major amount of current healthcare costs.

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