Author Topic: BRK/JPM/AMZN healthcare tie up  (Read 9586 times)

globalfinancepartners

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Re: BRK/JPM/AMZN healthcare tie up
« Reply #40 on: June 21, 2018, 06:55:03 AM »
You made $21/ hour pretax as an attorney??!  Yikes!


sleepydragon

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Re: BRK/JPM/AMZN healthcare tie up
« Reply #41 on: June 21, 2018, 07:05:24 AM »
You made $21/ hour pretax as an attorney??!  Yikes!

Maybe a real estate attorney? :)

CorpRaider

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Re: BRK/JPM/AMZN healthcare tie up
« Reply #42 on: June 21, 2018, 07:10:58 AM »
He was a first year at Cravath...but he said hourly.   ;D

DTEJD1997

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Re: BRK/JPM/AMZN healthcare tie up
« Reply #43 on: June 21, 2018, 07:16:12 AM »
You made $21/ hour pretax as an attorney??!  Yikes!

Maybe a real estate attorney? :)

No, I was a "contract attorney" brought in to work on massive lawsuits.  It was preparation/sorting/analysis of documents.

At that point in time (2015), there were attorneys POUNDING down the door to get in...

A lot of attorneys did that work "for the big kash money!".  I was surprised and dismayed at that.  it was then explained to me that $21 an hour was SUBSTANTIALLY more than a lot of attorneys make in the Detroit market. 

Thankfully, I don't do that any more.  I feel bad for the people who still do.

It was boring, tedious work.  It was the best outcome a LOT of people could hope for though.

I could tell so many crazy/sad stories...

mbreject

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Re: BRK/JPM/AMZN healthcare tie up
« Reply #44 on: June 21, 2018, 10:26:03 AM »
$27k is actually pretty good for a family.

My parents paid ~$35k a year (PPO, California) before my dad got Medicare. My mom's counting the days until she's 65 lol
I think free health insurance for the unemployed is why a lot of people are unhappy about Obamacare. People like my parents saw a lot of their friends quitting their jobs to travel and getting free insurance while the people who kept their jobs had to keep paying for this crazy thing.

Also, I'm pretty sure a lot of people think insurance is cheaper than it really is, because their employer subsidizes it.

I'm very hopeful about this new company and hope they open it up to other people as well.

Good points.

Concerning self-insured firms and the captive market, a practical experience (read from the scientific journal USA Today):
"As the founder and CEO of a mid-sized company that employs 180 people in the United States, I know this well. In 2018, we will pay $2.8 million to insure our workers and their families. Year after year, we have wrestled with the costs of our health care plans. And despite trying every trick in the book, our per-employee costs have tripled over the past 14 years. A family plan in 2018 will cost us $27,000, which is higher than the annual salary of one-third of all working Americans. To put it another way, we are paying $13.50 per hour per employee just to cover the health care benefit. Itís a model thatís completely unsustainable, and needs to change."


A family insurance plan costs $27k per year? 

That could almost be the wage for an employee per year!  When I was working as an attorney a couple years ago, the pay rate was $21/hour.  Something has gotten seriously, seriously out of whack.  A lot of people in America (not just fast food workers & clerks) just simply can't afford to pay that...not even close.

Cigarbutt

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Re: BRK/JPM/AMZN healthcare tie up
« Reply #45 on: Today at 10:28:06 AM »
The venture is shaping up.
I understand that the recently posted "data scientist" position may have something to do with the adventure.
https://www.amazon.jobs/en/jobs/715945/data-scientist-healthcare-benefits

FWIW, I think there is a huge talent basin for this position.
The profile requires to be data driven, transformative and multi-disciplinary.

The #1 candidate on my list is Mr. Andrew Bartley.
https://itpeernetwork.intel.com/lean-startup-approach-predictive-clinical-analytics-healthcare-part-ii/
https://www.intel.com/content/www/us/en/healthcare-it/solutions/documents/predictive-analytics-in-healthcare.html

Was looking recently at work being done on workers injuring themselves at work and ending in the downard spiral of an opioid addiction problem. Big issue, huge costs (human and financial) and...mostly preventable. All you need is a relatively intelligent tool that would spot the risk factors early on, provide alternatives and remedial actions before it's too late. And it would cost less too.

An unrecognized concept is that the approach that the data scientist will apply is very similar to what clinicians do on the field.
They will:
-observe and collect data (listen, ask, examine and read test results)
-try to answer a question (diagnosis)
-finds way to predict what will happen based on the above two (risk factors and natural history)
-try to prescribe a solution in order to obtain a positive change in outcome

Hippocrates would be proud and advanced analytics is closer than you think.

handycap5

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Re: BRK/JPM/AMZN healthcare tie up
« Reply #46 on: Today at 12:39:14 PM »
Hippocrates would be proud and advanced analytics is closer than you think.

Shane Parrish did a very interesting interview with Atul which I recommend.

Also, since you mentioned the Hippocratic Oath, I can't help but think of Milton Friedman's criticism of the same (search for Oath here: http://www.freerepublic.com/focus/f-news/1684832/posts). I suspect the greater opportunity and greater challenge will be changing human behavior and organizations, not mining data. But maybe the latter can aid the former.