What Does An Amazon, JP Morgan, Buffet Health Care System Mean?

"Absolute Power Corrupts Absolutely"  - John Dalberg-Acton, 1st Baron Acton

There are a few entities which control and form most of this world, or at least what we see in the news, shopping districts and monetarily.

This would be:

• The Stock Market
• The Banks
• The Buy Anything Stores

When you need to buy stocks you go through two of these, when you want to buy socks you go through two of these, and when you think you can bet against the market, you go through two of these.

This is a common theme.

It all relates back to money.

And now we are seeing something, which isn't as good as it seems, taking on the market.

A Conglomerate Health Insurance Company

Let's Start With The Positives.

Okay, in a free market, choosing your health care is something that can be amazing.

Instead of all the built up costs or forced methods that you have to go through, you can opt for an approach of healthcare that lies in holistic and natural medicine.

By choosing and having a truly free market economy, you can get any health care you would like.

The opening of service by Buffet, Bezos, and Dimon is something that hasn't been done before.

A way to disrupt healthcare entirely.

And this makes it a great entryway to the masses when it comes to the freedom to choose.

There are a lot of areas people aren't going to look into, instead "trusting" these "trustable" individuals (Bezos, Buffet, and Dimon) without any investigation.

The aim to lower health care costs is a noble one, and one that all billionaires should indeed strive for.

We in America, with the most wealth, also have the highest spending on healthcare, something that runs entirely against the thoughts of what "health" and "healthcare" really are.

Why This May Not Be Something Great

Let's start with the basics.

There is going to be a lot that goes into this.

Each of the entities mentioned above, more or less, control what you are allowed to do.

The stock markets control the perception of booms and busts in the economy, the banks control all of your money entirely, and the anything stores control your ability to purchase goods.

Get banned from Amazon, and you aren't a happy camper.

Although, these titans in the industry have friends that are other titans in the industry and much more going for them.

That's why I surmise this may not be a good thing.

What Will Be Covered?

First off comes the horrible thing about health insurance.

What is covered?

I like holistic and natural based remedies, yet they are almost never covered by any health insurance whatsoever.

That's because common consensus by healthcare providers is that they don't work.

Often it works in a way with your body 100x better than traditional medicine.

So one of the major issues will be what is covered and what do they believe is in the realm of "sick care" because "healthcare" is not something insurance companies strive for.

This will be one of the largest debated issues.

Because, if it is cheaper, people will switch and unknowingly not be able to get real help, but the suggested help of what this new company thinks is healthy.

A Non-Profit, Profiting From Data

 Peter Drucker said, "What gets measured gets managed."

Look at any video on Amazon in the 1990s and what do you find?

A proprietary A.I. based algorithm that can select books and items that it thinks you would like, something that you often wouldn't realize is having a play at your life.

With Amazon recently testing out the health supplement market, I think something surprising is going to happen.

Well, it's not surprising if you understand big business.

Utilizing this A.I., they are going to mine your healthcare data.

From how often you get sick, to how many supplements you require, and just about everything else you could think of.

This will not only determine premiums but somehow end up on all of the partner companies.

Amazon will be suggesting to you some vitamin you need, making them more profit, while it gives the owners the ability to control the market entirely.

And healthcare itself.

Leading to the last major point, one which isn't too hot.

This Is Completely Centralized

If something is centralized, then it roots for itself.

This is why Google, our Lord, and savior, aims to increase "user sentiment" but only in the realm of spending more and more money on the platform.

Now, this new centralized healthcare entity, which will likely take much of the market, is going to be something unique.

Besides having your data on a centralized server, everything you use it for will be on a central server too.

We thought Equifax was a bad leak.

Wait until a centralized server leak like this occurs, and everything about your health gets put out into the open.

On top of that, these are the biggest players in the world when it comes to money and business.

This is going to be a business.

Don't kid yourself.

It will go down as a great test of centralized healthcare business, but in reality, we need the most decentralized healthcare system that finally allows people freedom in health care.

Doctors, pharma, supplement companies, and more will work for you.

Instead of you paying and working for them.

That is true "health" care, not this "sick care" that is conveniently packaged and placed in front of you in the form of a $500 bottle of tablets.

Be skeptical, and stay skeptical.

Austin

Photo Credit:

• Piotr Cichosz
• Paul Green
• Daniel Pascoa