These three tech giants have each made moves on the fringes of the health insurance space over the last several years. We take a look at their current initiatives in the space, and what each company may do next.
Now the tech giants are venturing into health insurance through partnerships and investments.
Google, for example, has invested in insurance startups Oscar and Clover. Amazon now accepts pre-tax payments from health savings accounts (HSAs) and flexible spending accounts (FSAs). Apple has partnered with insurers to offer its Apple Watch.
Big tech companies have the data savvy and technology that can be used to drive down costs for patients, and to date, they have worked with insurers to get a piece of the savings.