Amazon is getting into the healthcare business by purchasing a group of medical clinics. Mike Papantonio & Farron Cousins discuss more.

Transcript:

*This transcript was generated by a third-party transcription software company, so please excuse any typos.

Mike Papantonio:             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.

Farron Cousins:                  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.

Mike Papantonio:             I saw that.

Farron Cousins:                  Because Amazon, one of the worst corporate abusers in the country, is gonna be taking over what, 180 medical clinics across the country.

Mike Papantonio:             Yeah.

Farron Cousins:                  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.

Mike Papantonio:             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.

Farron Cousins:                  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.

Mike Papantonio:             Mm-hmm.

Farron Cousins:                  You’re paying 3 billion.

Mike Papantonio:             Mm-hmm.

Farron Cousins:                  To tap into the $4 trillion market. It’s gonna be a wonderful return on investment.

Mike Papantonio:             Yeah.

Farron Cousins:                  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.

Mike Papantonio:             Right. I was just gonna say.

Farron Cousins:                  Can sell them their drugs right to their door in an hour.

Mike Papantonio:             Yeah. This, this is nothing but a train wreck ready to happen.

Mike Papantonio is an American attorney and television and radio talk show host. He is past president of The National Trial Lawyers, the most prestigious trial lawyer association in America; and is one of the few living attorneys inducted into the Trial Lawyer Hall of Fame. He hosts the international television show "America's Lawyer"; and co-hosts Ring of Fire Radio, a nationally syndicated weekly radio program, with Robert F. Kennedy, Jr. and Sam Seder.