There’s a ton of tech news to get to! Maybe you didn’t get to it all, because who’s got time for that? Well, that’d be us — here are a handful of stories from the week that was that might affect you!
Amazon joins with Chase and Berkshire Hathaway to take on health insurance, kind of
Not much to say here, unfortunately, but just the announcement alone was enough to send shock waves throughout the health care industry. Amazon, along with Chase and Berkshire Hathaway, revealed that they will get into health care with a non-profit approach, in dramatic contrast to our current system that relies on for-profit insurance companies. If they stick to those principles, the lack of a profit motive could allow the company to offer much cheaper and better health care. But, Amazon hasn’t announced exactly how they will do that or how they’ll build out provider networks — a significant challenge since none of the three companies involved have a background in health care. All we know is that if their plans do move forward, their products won’t be available to the public — they’ll start by providing health insurance exclusively to the three companies’ employees, who total over 1 million.