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Isn't Amazon notorious for bad customer service though? That would prevent them from disputing the industry.
Amazon's customer service to consumers is exceptional, but the service they give to their merchants is horrible and extremely incompetent.
Cvs big fear is drone delivery. Amazon will solve last mile.
Hey whatever it takes to bring down the awfully (and artificially) inflated prices of pharmaceuticals in this country (USA), the better I'll feel. If it takes Amazon getting in on the act - assuming pricing gets better - I'm in favor of it.
If it takes Amazon to fix American healthcare, god bless them. What a total cluster fuck healthcare is, and if that’s what they want to fix, I’m very supportive. Putting $5k into their stock tomorrow
Serious question: How is a cut throat capitalist company gaining the ability to push pills going to fix American healthcare?
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American healthcare is completely non-competitive. No pricing competition, high barriers of entry, and completely entrenched players. Any new players would be a win.
The main issue with American healthcare besides the price of drugs, insurance and care (which Amazon could help solve but is essentially a secondary conidition) is the philosophy around healthcare in general. It's all reactive. To solve healthcare America needs a better diet made up of actual food (not psuedo-food products), more exercise (cities designed for walking and biking not driving), doctors that aren't incen…
Although extraordinary unpopular if you speak to doctors (as I have found), drastically increasing the number of doctors would do wonders. I’m sure there is a percentage (2%?) from poor countries that would pass in America as average quality.
Next, transparent pricing. Laser eye surgery has radically improved in quality while decreasing costs because insurance (typically) doesn’t cover it. People want it, but must pay out of pocket, so they shop around and elect to laser eye surgery on their own terms. The result is increased quality at lower prices. Not every medical procedure is this way (such as the emergency room), but perhaps if I needed a knee replaced, and until I did it I merely walked with a cane, I might shop around for the best price and value.
Until transparent pricing happens, and the supply of doctors meets demand, we will simply be passing laws to further warp free market incentives. My hope is that amazon increases the influence of free market mechanics into this horrible system.
Cvs big fear is drone delivery. Amazon will solve last mile.
Why do they need drones for last mile, they can just use their own existing delivery infrastructure. Drones might be cheaper/better/faster in the long run, but, they aren't required for this to work.
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The main issue with American healthcare besides the price of drugs, insurance and care (which Amazon could help solve but is essentially a secondary conidition) is the philosophy around healthcare in general. It's all reactive. To solve healthcare America needs a better diet made up of actual food (not psuedo-food products), more exercise (cities designed for walking and biking not driving), doctors that aren't incen…
For starters, doctors are in a modern guild system. They artificially limit the number of medical schools, increasing the salaries of licensed doctors while limiting the supply. As society ages and needs more medical services, the poor are continually priced out as the supply of doctors is limited artificially. Although extraordinary unpopular if you speak to doctors (as I have found), drastically increasing the numb…
Capitalism is great when the incentives line up without creating moral hazard; which they do in a lot of areas. But we as a society can have different priorities, and I do believe that there is a basic level of health care that should be free to all. If you want better care or if you disagree with what is provided, you’re free to shop outside the system.
Apparently better for consumers in general now that there's more competition. One Industry I really really want them to enter is Consumer Airlines. Service in most airlines sucks, like big time. Can't wait for Amazon Airlines with Prime Video and Internet available for all. But of course I know that's a distant dream unless the Prime Air works great.
It’s basically a commodity industry with high capital requirements and high volatility in marginal costs. There’s a reason that most airlines globally are subsidized by governments (yes, including in the US).
Edit: and don’t forget that the airplanes themselves are heavily subsidized (Boeing and Airbus are two of the most heavily subsidized companies in the world). And even then, the industry can’t consistently make a profit over an extended period of high fuel prices.
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Amazon doesn't need to make money on it, though. They just want to dominate every aspect of everyone's retail existence. I'm sure they're perfectly happy to make zero profit for a long while and figure it out later, when they're the only ones left in business.
It’s amazing to watch all this happen on the consumer end but how many more industries can they really do this to? Is Bezos not essentially setting up his successor for failure by turning Amazon into a conglomerate with razor margins in so many areas?
In a way this is supposed to be the end-goal of free markets right? No profit left for companies to have?
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Serious question: How is a cut throat capitalist company gaining the ability to push pills going to fix American healthcare?
American healthcare is completely non-competitive. No pricing competition, high barriers of entry, and completely entrenched players. Any new players would be a win.