18.02.13 Amazon Dominates

February 13, 2018
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No Escaping Amazon

Online Retailer’s Next Target: Your Health Care

Domination: Nearly half of all online purchases in U.S. flow through Amazon.

Why is Amazon targeting health care? Flip Here

Amazon Health Care Kick

  • Investigating how to become a medical supplier (WSJ).
  • Exploring online drug sales (Reports).
  • Health Care Provider: Joint-venture w/ JP Morgan Chase, Berkshire Hathaway (Warren Buffett’s company) to create non-profit, more cost effective health insurance option for company employees (est. 1 million people).

Amazon “Health”:
Why It Matters

  • Health care spending makes up approx 1/5 of entire U.S economy.
  • Health care (out-of-pocket, over-the-counter, health insurance) = essential.
  • Yet, costs keep going higher, which means we all $pend more.
  • Companies see an opportunity to compete for our $$.
“I think health care is one of those industries that is elevated and made better by machine learning and artificial intelligence.”

Jeff Bezos, Amazon CEO, Vanity Fair New Establishment Summit, April 2017

Would you “Amazon” your health?

  • More than half of all American households have Amazon Prime.
  • Amazon “Smart Home” products (like Alexa) can relay information, give directions.
  • Whatever Amazon learns from health care venture with Chase/Berkshire Hathaway could be test for more public products.

BTW…It's not just Amazon.

by Jenna Lee,