Corporate Giant Grows Larger With Healthcare Takeover
July 31, 2022
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2:16Now PlayingCorporate Giant Grows Larger With Healthcare Takeover
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as posted by the channelAmazon is getting into the healthcare business by purchasing a group of medical clinics. Mike Papantonio & Farron Cousins discuss more.
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*This transcript was generated by a third-party transcription software company, so please excuse any typos.
Amazon is getting into the healthcare business by purchasing a group of medical clinics. Whoa, this is, soon as I saw this, I said, wow, this is gonna go bad fast. Give me your take.
You know, it, it is funny mentioning the media. The Wall Street Journal is hyping this up like, oh my God, what a great day for healthcare.
I saw that.
Because Amazon, one of the worst corporate abusers in the country, is gonna be taking over what, 180 medical clinics across the country.
Yeah.
I mean, something has to be done, is my initial reaction. You can't just allow this corporate behemoth to, to sell you everything from toilet paper to prescription drugs, to, you know, web services for the United States military. This is nuts that we're just letting Amazon take everything over. Oh and by the way, he also owns the Washington Post.
Yeah. Well, this virtue signaling that Amazon's doing is really repulsive. Their virtue signaling is, well, we wanna reinvent medical care because the elderly aren't getting their medical care they need. And our employees aren't getting the medical care they need. You think? Because you're not providing it. But at any rate, they, really what they want to do, it's all about tying in to that $4 trillion healthcare, that's what's spent in healthcare every year, four, $4 trillion. That's what it's all about. So as you said, 180 medical offices, 25 US markets gonna be affected by it, for 8,000 companies. They're going to be looking to bring in 8,000 companies into their umbrella, to where they say, we'll take care of your employees the same way we take care of our employees.
Yeah. And, and, and what's crazy is the relatively low purchase price of this, $3 billion. I mean, for a company that's worth hundreds of billions.
Mm-hmm.
You're paying 3 billion.
Mm-hmm.
To tap into the $4 trillion market. It's gonna be a wonderful return on investment.
Yeah.
For Amazon shareholders. But for everybody else, it's gonna degrade the quality of healthcare and it's gonna put more people, most likely getting prescriptions they don't need. So Amazon who apparently three years ago got into the prescription drug market.
Right. I was just gonna say.
Can sell them their drugs right to their door in an hour.
Yeah. This, this is nothing but a train wreck ready to happen.
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