Amazon, Berkshire Hathaway, JP Morgan Aim to Untangle Employee Healthcare Knot

2018.02.09 01

Three corporate giants on Tuesday announced they were banding together to provide healthcare for their 1.1 million employees.

The companies — Amazon, Berkshire Hathaway and JP Morgan Chase — plan to form a company “free from profit-making incentives and constraints” in order to improve employee satisfaction with their healthcare coverage as well as reduce costs.

The company initially will focus on technology solutions that provide U.S. employees and their families with simplified, high-quality and transparent healthcare at a reasonable cost.

“The ballooning costs of healthcare act as a hungry tapeworm on the American economy,” said Berkshire Hathaway CEO Warren Buffett.

“Our group does not come to this problem with answers,” he continued, “but we also do not accept it as inevitable. Rather, we share the belief that putting our collective resources behind the country’s best talent can, in time, check the rise in health costs while concurrently enhancing patient satisfaction and outcomes.”

Amazon, Berkshire Hathaway, JP Morgan Aim to Untangle Employee Healthcare Knot

Civil Rights Office Issues Ransomware Guidance

2016.07.25 03

Ransomware infections are on the rise, and healthcare organizations are ripe targets, which may be why the federal government addressed the subject last week.

Ransomware attacks have risen from about 1,000 a day last year to 4,000 a day this year, Symantec has reported.

Many of those attacks are for small change, but some of the larger ones have been directed at healthcare providers. For example, Hollywood Presbyterian Medical Center earlier this year paid hackers US$17,000 to get its systems back online. Also, Medstar Health this spring coughed up $19,000 to return to normal operations.

Civil Rights Office Issues Ransomware Guidance