Amazon Buys Virtual Healthcare Provider One Medical

    Photo: The New York Times

    The Facts

    • Amazon on Thurs. announced a $3.9B deal to acquire One Medical, a membership-based service offering virtual and in-person visits, in its newest healthcare endeavor after buying online pharmacy PillPack in 2018.

    • One Medical gained traction during the pandemic when it was near impossible to make a physical visit to the doctor, offering patients a membership fee of $199 a year for 24/7 virtual access to providers.

    The Spin

    Pro-establishment narrative

    This is an exciting opportunity for Amazon to make healthcare more accessible, affordable, and even enjoyable for patients, providers, and payers.

    Establishment-critical narrative

    This will only expand Amazon's control over people's private information. If regulators don't block the purchase, Amazon will be able to track and exploit people ever more intrusively.

    Nerd narrative

    There is a 41% chance the US federal government will pass legislation by 2040 to provide universal healthcare for American citizens, according to the Metaculus Prediction Community.

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