General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsOopsies stock market DIVING!
Suppose they are rewiting the speech right now?
BTW: thanks Bezos, Buffet and co. Great timing!
cilla4progress
(24,802 posts)Amazon, Berkshire and one more (oops) making plans for a new nonprofit healthcare delivery format. Announced today and may/may not be related to big drop. 👍
Wwcd
(6,288 posts)My friend is in banking as an underwriter.
He is actually sending his resume this week in an agressive move to work for one of the 3 companies announced today.
Jp Morgan I assume.
But indeed, good luck to all who do the same for this very reason.
yardwork
(61,793 posts)radical noodle
(8,018 posts)I believe.
pangaia
(24,324 posts)radical noodle
(8,018 posts)and for good reason, but working on a good healthcare system that is non-profit could be a good thing.
Blue_true
(31,261 posts)Honestly, I would work with Satan to get a few good things done and fight viciously him on all else. But of course, I have a mindset that allows me to avoid some dynamiting progress so that I can call myself pure.
I honestly think that large companies should have joined Obamacare, simply to bring in a large population of younger people and ultimately reduce costs for everyone, including them.
pangaia
(24,324 posts)Thanks.
You may have an opinion and I may have an opinion.
elleng
(131,410 posts)SEATTLE In a sign of just how fed up corporate America is with the countrys expensive and often confusing health care system, three behemoths Amazon, Berkshire Hathaway and JPMorgan Chase announced on Tuesday that they would form an independent health care company for their employees in the United States.
The news added further uncertainty to an industry already reeling from attempts by new players to attack a notoriously inefficient health care system. The lines between traditionally distinct sectors, such as pharmacies, insurers and providers, are increasingly blurring.
CVS Healths deal last month to buy the health insurer Aetna for about $69 billion is just one example of the shifts underway. Amazons potential entry into the pharmacy business is also reverberating.
The three companies provided few details about the new entity, other than saying it would initially focus on technology to provide simplified, high-quality health care for their employees and their families, and at a reasonable cost. . .
News of the announcement sent the stocks of established health care providers plunging, and touched off a wave of speculation about what the new company might do. It was unclear whether the new venture would make it easier for consumers to understand their health care costs and access medical records, or take on more ambitious changes like the wider use of telemedicine and virtual doctor visits.'>>>
https://www.nytimes.com/2018/01/30/technology/amazon-berkshire-hathaway-jpmorgan-health-care.html?
The headline does NOT serve to inform well, imo.
lagomorph777
(30,613 posts)I'd be more than happy to work that way 90% of the time. The other 10% of the time, I'd like to see the 10% who are worthy of surviving the robot apocalypse.
Sophia4
(3,515 posts)I don't know the whole story, but at least some nonprofit healthcare companies switched to for-profit in the 1990s. I hesitate to mention this because although I saw some of this going on in California, and dealt with the aftermath a couple of times, I am far from being even really well informed about this. But I know that deals were made. For instance in switching to for-profit, hospitals in some cases were required to create or donate money to non-profits, charitable money that had been donated to them. Apparently that was not always done correctly.
So this is a wonderful move.
Here is an article about non-profits in healthcare (lots of hospitals still are).
http://www.nonprofithealthcare.org/reports/5_value.pdf
https://nonprofitquarterly.org/2014/02/07/the-role-of-nonprofits-in-health-care-a-trends-summary/
As I recall, fundraising for programs that were not entirely health related, the last article points to a significant problem in charitable giving which is that charitable donors, foundations and wealthy individuals love to give to building funds but not to program funds. They tend in many cases to want to have their name on a building, but they don't like to pay the salaries of caregivers or administrators. That's a big problem because a building without staff is not worth much.
So it would be great if some very wealthy individuals or foundations decided to set up non-profit health insurance companies. Wonderful idea.
Lord_at_War
(61 posts)If you have a huge administrative bloat with all the top management making mid-6 to mid-7 figure salaries, any organization can be non-profitable...
Sophia4
(3,515 posts)other companies don't have to publish. And they don't pay off shareholders.
You are correct that the management of non-profits can be way overpaid.
I prefer single payer that includes limits on the salaries of the employees of the government or non-profit companies that are eligible to participate. But that's a dream. I lived in four European countries that had single payer. Each had its own system.
Healthcare needs to cover everyone and be less expensive than what we now have. Single payer seems to achieve that goal.
C_U_L8R
(45,040 posts)CountAllVotes
(20,884 posts)& wowzie does it ever stink !! Whatta dump tRump!
Blue_true
(31,261 posts)For posting gross pornography on DU. Just imagining what a Trump dump looks like is stomach churning.
C_U_L8R
(45,040 posts)PoindexterOglethorpe
(25,929 posts)And less than 2% from its close on Friday.
That's hardly diving.
Why do people here seem to freak out over trivial drops in the Dow? And ignore rises in it?
cilla4progress
(24,802 posts)346 points today. Unanimity among observers - significant change in trend
onenote
(42,847 posts)It's not remotely close to the top 20 daily drops measured either in points or as a percentage. I didn't freak out when, in 2016, the market dropped by nearly twice this amount in one day and I'm not going to freak out now.
Blue_true
(31,261 posts)I think the stock market is grossly over valued. But the drop today is nothing.
PoindexterOglethorpe
(25,929 posts)that will be a significant change in trend.
But the market is probably overdue for a correction.
Keep in mind that a 10% drop (or correction) would be 2,600 points. It's important to have an understanding of percentages and how they are figured. 346 points is still less than 2%.
Awsi Dooger
(14,565 posts)I knew this thread would show up, once I saw the red
louis c
(8,652 posts)Obama became President and the DOW was at 6,000. He left office with the DOW at 18,000. That's triple.
Trump took office with the DOW at 18,000.
Come and talk to me when the DOW hits 54,000. Then Trump can crow.
Blue_true
(31,261 posts)Massive unemployment, two major industries (vehicles and homes) at the very brink of complete failure, the world in deep recession. Yet he persevered and handed Trump a strong economy.
pangaia
(24,324 posts)but don't slow down and stare when there isn't a bloody car crash.
titaniumsalute
(4,742 posts)parkerMcDavis
(58 posts)MineralMan
(146,351 posts)today, I'm afraid. But, we're sorry. Truly we are.
marble falls
(57,537 posts)MineralMan
(146,351 posts)sarah FAILIN
(2,857 posts)They will do that sort of thing.
WhiteTara
(29,736 posts)It always hurts, doesn't it? But at some point, it "should" come back. If you're young enough, you may outlive it.
parkerMcDavis
(58 posts)The celebitory threads that start to pop up are just silly. The Market is up 10,000 points in the last 2 years, and every time there is a couple hundred point drop it's pretty much the same folks that start talking about the market tanking. How 401k's are somehow a bad investment and the wrong way to save for the future.
I do realize, and it's been clearly stated by many, not to get your financial advice from DU, but it still bugs me for some reason.
Old Vet
(2,001 posts)Currently -402.96 Its gonna stable out though parker..
Calista241
(5,586 posts)Faster than expected. The fundamentals haven't changed in the last week.
dawg
(10,626 posts)Wake me up when we're down 5%.
yallerdawg
(16,104 posts)Apple reports.
triron
(22,031 posts)GoCubsGo
(32,103 posts)They'll just do like they always do, and act like nothing has happened. Nothing to see here. Move along.
LuckyCharms
(17,472 posts)Same old shit. The market is controlled by big players. And day traders who are unlucky get screwed. It's worse than a casino.
cilla4progress
(24,802 posts)trump is going to CROW about the market tonight, taking all credit. This drop significantly hurts the optics on that.
radical noodle
(8,018 posts)care what he says or does.
MattP
(3,304 posts)You can do both
Response to cilla4progress (Original post)
MichMary This message was self-deleted by its author.
elleng
(131,410 posts)S.&?P. 5001.03%
DOW1.39%
NASDAQ0.91%
Blue_Adept
(6,402 posts)ugh.
As I said elsewhere, back when the stock market existed under 10,000, these kinds of numbers would get a vastly different reaction. But with it where it is today? It's like you said, a piddling normal movement.
It makes me not trust those who make a big deal out of it as you wonder what else they don't understand.
elleng
(131,410 posts)Amazon, Berkshire Hathaway and JPMorgan Team Up to Disrupt Health Care.
SEATTLE In a sign of just how fed up corporate America is with the countrys expensive and often confusing health care system, three behemoths Amazon, Berkshire Hathaway and JPMorgan Chase announced on Tuesday that they would form an independent health care company for their employees in the United States.
The news added further uncertainty to an industry already reeling from attempts by new players to attack a notoriously inefficient health care system. The lines between traditionally distinct sectors, such as pharmacies, insurers and providers, are increasingly blurring.
CVS Healths deal last month to buy the health insurer Aetna for about $69 billion is just one example of the shifts underway. Amazons potential entry into the pharmacy business is also reverberating.
The three companies provided few details about the new entity, other than saying it would initially focus on technology to provide simplified, high-quality health care for their employees and their families, and at a reasonable cost. . .
News of the announcement sent the stocks of established health care providers plunging, and touched off a wave of speculation about what the new company might do. It was unclear whether the new venture would make it easier for consumers to understand their health care costs and access medical records, or take on more ambitious changes like the wider use of telemedicine and virtual doctor visits.'>>>
https://www.nytimes.com/2018/01/30/technology/amazon-berkshire-hathaway-jpmorgan-health-care.html?
The headline does NOT serve to inform well, imo.