They had little choice. The announcement was deliberately opaque. The goals are amorphous. The aims of the players are different. Warren Buffett is looking for a legacy, Bezos for a profit, Dimon for cash flow.
All very fine, but it will come to nothing if they can’t make progress against the key driver of health care costs, non-compliance. Some 75% of health care costs today are for chronic conditions that could be prevented, like diabetes and heart disease. If people took care of themselves, if they even took their medicines as prescribed, we would save trillions.
Some doctors are just as bad. Surgeons don’t use checklists, physicians don’t use best practices, others prescribe the high-priced drugs patients saw on TV where cheap generics would work just as well. Still others think a medical license means they can push any quack nostrum that comes into their head. It’s not just malpractice. It’s abuse of the system in the ordinary course of business, most of it perfectly legal, even ethical.