The wealthy bookseller and his friends make zero or really close to zero selling pills and other prescribed medicine.

So, they are willing to finance your healthcare for a chance at getting every bit of private medical data about you and your family and then selling you a bunch of drugs and other items which will more than makeup for any doctor costs they incur.

Amazon

One Medical Network

FTC Investigating Amazon Deal to Buy One Medical Network of Health Clinics

WASHINGTON—The Federal Trade Commission is investigating Amazon.com Inc.’s AMZN 2.66%▲ $3.9 billion deal to buy 1Life Healthcare Inc., ONEM -0.87%▼ which operates One Medical primary care clinics in 25 U.S. markets.

1Life, which went public in 2020, disclosed the investigation in a securities filing. The disclosure says One Medical and Amazon AMZN 2.66%▲ each received a request on Friday for additional information about the deal from the FTC.

Amazon’s bid for One Medical added momentum to the push by technology and retail giants to make inroads into the nation’s $4 trillion healthcare economy. The deal was the first major acquisition announced during the tenure of Chief Executive Andy Jassy, for whom expansion into healthcare is a priority.

The FTC’s move to investigate the deal could delay its completion as federal competition investigations often take months to finish. Significant U.S. antitrust probes on average take about 11 months, according to data compiled by law firm Dechert LLP.

FTC Chairwoman Lina Khan is a critic of Amazon, having written a 2017 law review article that argued Amazon’s conglomerate-like structure shouldn’t have escaped antitrust scrutiny. Ms. Khan said Amazon’s entry into businesses beyond its e-commerce platform allowed it to gather data it could use to undercut other companies. – Source

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