Sunday March 24, 2019

Amazon, JP Morgan Chase And Berkshire To Lead The Health Care Firm

Amazon's participation and customer-first focus will be crucial

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This combination of file photos from left shows Warren Buffett on Sept. 19, 2017, in New York, Jeff Bezos, CEO of Amazon.com, on Sept. 24, 2013, in Seattle and JP Morgan Chase Chairman and CEO Jamie Dimon on July 12, 2013, in New York. logo LANGUAGES SEARCH search text ... Amazon, Buffett, JPMorgan Pick Gawande to Lead Health Firm Share SILICON VALLEY & TECHNOLOGY Amazon, Buffett, JPMorgan Pick Gawande to Lead Health Firm June 20, 2018 12:17 PM Associated Press FILE- This combination of file photos from left shows Warren Buffett on Sept. 19, 2017, in New York, Jeff Bezos, CEO of Amazon.com, on Sept. 24, 2013, in Seattle and JP Morgan Chase Chairman and CEO Jamie Dimon on July 12, 2013, in New York. FILE- This combination of file photos from left shows Warren Buffett on Sept. 19, 2017, in New York, Jeff Bezos, CEO of Amazon.com, on Sept. 24, 2013, in Seattle and JP Morgan Chase Chairman and CEO Jamie Dimon on July 12, 2013, in New York.
This combination of file photos from left shows Warren Buffett on Sept. 19, 2017, in New York, Jeff Bezos, CEO of Amazon.com, on Sept. 24, 2013, in Seattle and JP Morgan Chase Chairman and CEO Jamie Dimon on July 12, 2013, in New York. logo LANGUAGES SEARCH search text ... Amazon, Buffett, JPMorgan Pick Gawande to Lead Health Firm Share SILICON VALLEY & TECHNOLOGY Amazon, Buffett, JPMorgan Pick Gawande to Lead Health Firm June 20, 2018 12:17 PM Associated Press FILE- This combination of file photos from left shows Warren Buffett on Sept. 19, 2017, in New York, Jeff Bezos, CEO of Amazon.com, on Sept. 24, 2013, in Seattle and JP Morgan Chase Chairman and CEO Jamie Dimon on July 12, 2013, in New York. FILE- This combination of file photos from left shows Warren Buffett on Sept. 19, 2017, in New York, Jeff Bezos, CEO of Amazon.com, on Sept. 24, 2013, in Seattle and JP Morgan Chase Chairman and CEO Jamie Dimon on July 12, 2013, in New York. Flickr

Amazon, JPMorgan Chase and Berkshire Hathaway have picked well-known author and Harvard professor Dr. Atul Gawande to transform the health care they give their employees.

The three corporate titans said Wednesday that Gawande will lead an independent company focused on a mission they announced earlier this year: figure out ways to improve a broken and often inefficient system for delivering care.

Health care researchers have said any possible solutions produced by this new venture will be felt well beyond the estimated 1 million workers the three companies employ in the United States. Other businesses that provide employee health coverage are eager to find solutions for health care costs that often rise faster than inflation and squeeze their budgets in the process.

Berkshire Chairman and CEO Warren Buffett has described health costs as a “hungry tapeworm on the American economy.”

Leaders of the three companies have said little about how their Boston-based venture plans to tackle this problem, but they have noted that it will take time to figure out solutions, a point they emphasized again on Wednesday.

Dr. Atul Gawande
Dr. Atul Gawande, flickr

“We said at the outset that the degree of difficulty is high and success is going to require an expert’s knowledge, a beginner’s mind, and a long-term orientation,” Amazon CEO Jeff Bezos said in a prepared statement. “[Gawande] embodies all three, and we’re starting strong as we move forward in this challenging and worthwhile endeavor.”

Employer-sponsored insurance covers about 157 million people, according to the Kaiser Family Foundation. That’s nearly half the total U.S. population and the biggest slice of the country’s patchwork health insurance market.

Neither companies nor many of their employees are happy with how the system currently works. Employers have reacted in part to rising expenses by raising deductibles and other costs, asking their workers to pay more of the bill and to shop around for better deals. Many patients, especially the sickest, struggle with that.

Gawande is surgeon and professor at both Harvard’s Medical School and its T.H. Chan School of Public Health. He said in a statement Wednesday that he has devoted his career in public health to building solutions for better care delivery, and that while the current system is broken, “better is possible.”

The consortium’s leaders have said they aren’t looking for a quick fix. JPMorgan Chase Chairman and CEO Jamie Dimon said during an appearance on CNBC earlier this month that fraud in the system, high administrative costs and the overuse and underuse of some drugs are among the many complications that must be improved.

The three companies said in late January that their new venture will focus on technology that provides simplified, high-quality and transparent care.

Amazon’s participation and customer-first focus will be crucial, according to Brian Marcotte, CEO of the National Business Group on Health, a nonprofit that represents large employers.

He noted that employers already offer ways to help patients shop for care or see a doctor remotely through telemedicine. But people don’t use this technology unless they need it, so they haven’t grown comfortable with it.

That could change if they go through a well-known platform like Amazon, which could then reach into its vast trove of customer data to personalize the shopping, Marcotte said. If, for instance, you are a runner considering knee surgery, Amazon could lay out the best or common practices for your condition and maybe show that surgery isn’t your only option.

JP Morgan Chase 2008
JP Morgan Chase 2008, flickr

Also read: Tips That Can Help in Boost Healthy Living

“It’s not only reaching people in the moment, it’s the possibility to reach people with relevant personalized messaging that will engage them,” Marcotte said. (VOA)

Next Story

U.S. To Begin Search Through The Remnants Of The Islamic State’s Final Enclave

SDF officials have raised the possibility that the remaining IS fighters may also be holding prisoners and hostages, but there has been no word as to their fate in recent days.

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Fighters with the Syrian Democratic Forces (SDF) patrol near the village of Baghuz in the Syrian countryside, March 20, 2019. VOA

U.S.-backed forces are starting to search through the remnants of the Islamic State’s final enclave in northeastern Syria, looking for fighters, mines and booby-trapped explosives.

The effort Wednesday to sift through the broken buildings and shredded tents that litter the landscape in the town of Baghuz comes a day after Syrian Democratic Forces took the area from IS fighters in what officials described as a significant blow to the terror group.

SDF officials said as many as 1,500 more people surrendered following Tuesday’s incursion into IS’s final stronghold, including hundreds of injured IS fighters.

Suspected Islamic State (IS) group fighters and civilians are screened by members of the Syrian Democratic Forces (SDF) in the village of Baghuz, Syria, March 20, 2019.
Suspected Islamic State (IS) group fighters and civilians are screened by members of the Syrian Democratic Forces (SDF) in the village of Baghuz, Syria, March 20, 2019. VOA

But concerns run high that fighters lurk in trenches dug all around the former IS enclave, as well as in a complex network of caves and tunnels, which some officials said could run for more than two kilometers.

An unknown number of IS fighters have also retreated to a sliver of land along the Euphrates River, and there are no estimates for how many fighters could be hiding in other parts of Baghuz.

“A group of Daesh in Baghuz still fight back and hold their families as human shields,” Zana Amedi, a media official with the YPG militia, which has been supporting the SDF offensive, told VOA Wednesday, using the terror group’s Arabic acronym.

Despite the official caution, small celebrations broke out Wednesday around Baghuz, with some groups of SDF fighters playing music and dancing.

“We have won. We have eliminated the enemy, the terrorists,” Majid Hejjo, an SDF fighter, told the French news agency.

“The comrades are tired, and the battle is over,” said another SDF fighter.

No ‘complete victory’ yet

In Washington, U.S. President Donald Trump was equally effusive, telling reporters on the South Lawn of the White House that the very last speck of IS-held territory would be liberated within hours.

“There is no red,” Trump said just hours after an intelligence briefing, showing off a map that compared IS-held territory now and the day he was elected. “In fact, there’s actually a tiny spot, which will be gone by tonight.”

Still, SDF officials and U.S. defense officials have been wary of saying the fight against the terror group’s self-declared caliphate is over.

It has been three months since Trump first announced the defeat of IS in a tweet,and more than a month since he told a meeting of ministers from coalition countries that the end of the caliphate “should be formally announced, probably sometime next week.”

More recently, multiple SDF officials have also forecast the fall of IS within days or even hours, only to see efforts slowed by fierce fighting and the presence of tens of thousands of civilians, mostly the wives, children and family members of IS fighters.

They now say more than 5,000 people have fled Baghuz since SDF resumed its final assault on IS just over a week ago, despite earlier saying only about 1,000 civilians and 300 fighters were holed up in Baghuz shortly after the operation to liberate the town got under way last month.

Smoke rises from the Islamic State (IS) group's last remaining position in the village of Baghuz during battles with the Syrian Democratic Forces (SDF), in the countryside of the eastern Syrian province of Deir el-Zour, March 20, 2019.
Smoke rises from the Islamic State (IS) group’s last remaining position in the village of Baghuz during battles with the Syrian Democratic Forces (SDF), in the countryside of the eastern Syrian province of Deir el-Zour, March 20, 2019. VOA

In all, SDF says more than 5,000 IS fighters have surrendered or been captured over the past month, while another 1,300 have been killed in the fighting.

The U.S.-led coalition also said Wednesday there has been no letup in efforts to ensure the terror group is defeated.

“The ground offensive, coalition airstrikes and artillery continue as needed,” coalition spokesman Col. Sean Ryan told VOA. “The SDF feel they are in control of the area, but as long as Daesh puts up any type of fight and hides in tunnels, they cannot declare complete victory.”

Fighters with the Syrian Democratic Forces (SDF) gather near the village of Baghuz, Syria, March 20, 2019.
Fighters with the Syrian Democratic Forces (SDF) gather near the village of Baghuz, Syria, March 20, 2019. VOA

‘Tens of thousands’ of fighters

SDF officials have raised the possibility that the remaining IS fighters may also be holding prisoners and hostages, but there has been no word as to their fate in recent days.

Thousands of SDF troops have massed around Baghuz for weeks, laying siege to the town in an effort to liberate the final IS enclave in Syria. Officials said Kurdish special forces from Iraq also had been brought in to help with the operations.

Also Read: After Failed Hanoi Summit, U.S. Imposes First North Korea-Linked Sanctions

Even once an official announcement is made, U.S. defense officials caution IS still has “tens of thousands” of fighters working either as part of sleeper cells or as part of an active, clandestine insurgency.

Additionally, senior officials believe most of the group’s senior leadership, including its self-declared caliph, Abu Bakr al-Baghdadi, remain at large. (VOA)