Health Care Shakeup
Ed Kluska’s Astrology Newsletter
My forecast workshops indicated that 2018 would be a good year for solutions to come forth to control the ballooning costs of our healthcare system. The reason is that Jupiter (the planet of opportunity) is in Scorpio (medicine, healthcare, and insurance) from October 2017 to November 2018.
Sure enough, last week Amazon, Berkshire Hathaway, and JPMorgan Chase announced they were creating a partnership to improve employee health-care. They are teaming up to form a new company focused on improving health-care options for their U.S. workers. The three companies said they would use their scale and joint expertise to help reduce costs and increase employee satisfaction in health plans, using an independent company that will be "free from profit-making incentives and constraints." The companies said they hope to use a fresh approach to solve longstanding problems. "The ballooning costs of the health-care act is a hungry tapeworm on the American economy," said Berkshire Hathaway Chairman and CEO Warren Buffett. "Our group does not come to this problem with answers. But we also do not accept it as inevitable."
According to the New York Times, the partnership will be technologically focused and free from profit incentives, but it is in the early planning stages. According to Bloomberg, the partnership would be one of the most ambitious employer efforts today to control health expenses.
And the Wall Street Journal reported that nine states are considering implementing their own individual mandate requiring residents to purchase health insurance. The proposals would serve as a replacement for the Affordable Care Act (ObamaCare) mandate that was repealed in December as part of the Republican tax reform plan. The nine states are California, Connecticut, Hawaii, Maryland, Minnesota, New Jersey, Rhode Island, Vermont, and Washington, and the District of Columbia has a similar plan on the table.
We’ll see how all this unfolds.
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