Showing posts with label JP Morgan. Show all posts
Showing posts with label JP Morgan. Show all posts

Wednesday, January 31, 2018

Privacy experts alarmed as Amazon moves into the health care industry; Washington Post, January 30, 2018

Abha Bhattarai, Washington Post; Privacy experts alarmed as Amazon moves into the health care industry

"Amazon.com on Tuesday announced a joint partnership with Berkshire Hathaway and JP Morgan to create an independent health-care company for their employees, putting an end to months of speculation that the technology giant was eyeing a foray into the medical industry. It’s yet another endeavor for the company, which last year spent $13.7 billion to enter the grocery business with its acquisition of Whole Foods Market. (Jeffrey P. Bezos, the founder and chief executive of Amazon, also owns The Washington Post.)

[Amazon, Berkshire Hathaway and JP Morgan Chase join forces to tackle employees’ health-care costs]

But as the online retailer expands into new industries — cloud computing, drones, tech gadgets, moviemaking and now health care — some privacy experts say the company’s increasingly dominant role in our lives raises concerns about how personal data is collected and used. What happens, for example, when a company that has access to our weekly shopping lists, eating habits and in-home Alexa-based assistants also becomes involved in our medical care?"