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The Amazon collaboration: 5 thoughts for benefits brokers

As a previous senior manager at Amazon, I have great confidence in this collaboration. Here are five thoughts about this partnership and its future success.

By Tonia Degner | Updated on February 01, 2018
Based on the average employer spend per employee, these three companies are looking to pay a combined $14 billion dollars annually on health care costs. (Photo: Shutterstock)

Unless you’ve been under a rock the past few days, you’ve heard that Amazon, Berkshire Hathaway, and JPMorgan Chase announced a collaboration to do something about health care for their employees. While the announcement highlighted goals of transparency, tech innovation and forsaken profits – it didn’t include details of how these goals would be achieved. So, what are we supposed to think?

I’ve read at least 10 articles on the topic and it’s BIG in all ways! (ICYMI: Amazon is the biggest retailer, JP Morgan is the biggest bank and Berkshire Hathaway has substantial minority stock holdings in some of the biggest and best-known publicly traded companies in the United States. The health-care industry is 18 percent of the GDP and within two hours of the announcement, speculation caused key health care companies to drop $30 billion dollars in market value.)

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