UnitedHealth, the largest U.S. health insurer, announced..........................
Retirees can buy Warby Parker designer glasses for under $50 with UnitedHealth's Medicare plan
- UnitedHealth says it will offer about 2 million of its Medicare Advantage beneficiaries access to Warby Parker's prescription eyewear.
- A $375 pair of designer prescription sunglasses from Warby Parker could cost less than $50 under a Medicare Advantage plan, according to UnitedHealth.
Berkeley Lovelace Jr. | @BerkeleyJr
Published 23 Hours Ago Updated 5 Hours AgoCNBC.com
https://fm.cnbc.com/applications/cnb...g?v=1542650681Michael Buckner | Getty Images
A Warby Parker's store in The Standard, Los Angeles, California.
Some retirees won't have to sacrifice fashion for affordability when buying their next pair of prescription glasses.
UnitedHealth, the largest U.S. health insurer, announced on Monday it will offer about 2 million people enrolled in its Medicare Advantage plans access to Warby Parker's prescription eyewear online and at more than 80 stores stores for little- to no out-of-pocket cost.
A $375 pair of designer prescription sunglasses from Warby Parker could cost a person less than $50 under a Medicare Advantage plan, according to UnitedHealth.
"We know baby boomers are looking for a more convenient and personalized health care experience, and we believe they will find Warby Parker's innovative model both appealing and affordable as they shop for eyewear," John Ryan, general manager of UnitedHealthcare Vision, said in a statement.
see all of it:
shttps://www.cnbc.com/2018/11/19/unit...care-plan.html
This move to get approval by the largest US healthcare insurance ....................
Quote:
Originally Posted by
Lab Insight
It's amazing how much you can actually pay for a quality product when you eliminate the branding. Not bad for a couple young schmucks in college with no optical experience.
This move to get approval by the largest US healthcare insurance company, should get them the ticket to sell out to the highest bidder above 100 million
US Dollars, from Essilor-Luxottica to VSP
Why sell out so soon? .............................
Quote:
Originally Posted by
Lab Insight
Why sell out so soon? They haven't been in the game for very long yet. Hold out and raise your stock value.
you got a good point ............................
However, as smart as they are, they could pull a similar one or another, in the same field for not getting bored, with a long lifespan ahead.
.....................on second thought
Quote:
Originally Posted by
Lab Insight
Why sell out so soon? They haven't been in the game for very long yet. Hold out and raise your stock value.
,
.....................on second thought, how about if the largest US Health Insurance plays with the idea of jumping into the optical retail market, and uses this occasion to test it out in a practical way, before buying them ?
.................by checking the Montreal area on their website, .........
Quote:
They have started to penetrate Canada with FYI, but has been a slow process in getting decent traction. FYI will be gobbled up (no Thanksgiving pun intended) at some point.
.................by checking the Montreal area on their website, they show a total of three ODs being members, and that is not a famous amount.
.........if the 2 million Advantage beneficiaries will purchase one pair of glasses
Quote:
Originally Posted by
Lab Insight
Why sell out so soon? They haven't been in the game for very long yet. Hold out and raise your stock value.
Quote:
Originally Posted by UnitedHealth
- UnitedHealth says it will offer about 2 million of its Medicare Advantage beneficiaries access to Warby Parker's prescription eyewear.
..................if the 2 million Advantage beneficiaries will purchase one pair of glasses each, at $ 60.00 each, that will make a sudden unexpected increase of WP turnover by a $ 120 millions, and continue into the future.
To let the spinning wheel run freely: it will also force the other big healthcare optical's, as EyeMed (Essilor-Luxottica) and VSP to rethink their setups, and bypass their present optical retailers.
..........still no huge presence.
You are correct, I came up with about 19 of them in Quebec.
..........still no huge presence.
What happens if a monopoly within a free market drove smaller companies out..........
What happens if a monopoly within a free market drove smaller companies out of business with low prices and then raised prices once the competition was gone (electricity, water, etc)?
The standard answer is “other firms will enter the market and undercut the monopolist.”
This is, however, a bit of an “assume a spherical cow” answer in the real world, as there are often barriers to entry such as high startup costs or access to scarce resources and the monopolist may have made it difficult for new firms by contractually locking up key resources, workers, or distribution channels (think of the ability to put cables on utility poles, pipes under roadways, or fiber along public right-of-ways).
In the long run, the monopoly is likely unstable and people who are locked out of direct competition will eventually develop alternatives (wireless broadcast instead of wired internet, for example).
This is the sort of situation Keynes was speaking of when he said “in the long run, we are all dead.” There seems to be no reason other than devotion to economic orthodoxy that we cannot take action to prevent or break up monopolies instead of waiting an indefinite period for the market to do it.
It’s a question of whether the market exists for the benefit of society, or whether it exists as a near-religious entity whose principles should always be deferred to.
source:
https://www.quora.com/What-happens-i...city-water-etc