Tuesday's Big Deal
That was some announcement on Tuesday! Amazon, Berkshire Hathaway and JPMorgan Chase are forming a nonprofit company to study a healthcare system for their respective employees, numbering about 1 million.
Government leadership hasn't designed a sustainable system, so the private sector will try.
Warren Buffet said they don't come with answers, but neither do they accept the inevitable. Other CEOs are Jeff Bezos, Amazon, and Jamie Dimon, JPMorgan Chase.
Their company will begin in December, but already stocks in healthcare companies took a hit. That may tell us something.
This joint-venture will focus on technology, their statement says. Why should we care? Because a successful effort could be expanded to benefit all Americans, and bring today's healthcare giants down to size.
Tuesday's Other Big Deal
President Trump also addressed healthcare costs in his State of the Union speech, calling for a fast track to generic drugs.
What struck me most in the speech was his emphasis on we the people, the government our servant. He who put himself forward as the man to Make America Great Again gave credit to ordinary Americans for beginning to do just that.
Democrats went overboard in their show of disapproval. We get it. If they are seen on TV being happy with accomplishments, even those they favor, their financial supporters and base of voters would be really, really upset. They might have to find another line of work.
By the way, Trump's approval ranges from the 20s to 62 percent, depending on the state. Congress as a whole is below 10 percent.
Trump may have set another presidential record - for tears among State of the Union viewers. His special guests alone were worthy of our time.
Jimmy
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