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Thread: Warby Parker announced that it had raised $75 million ........................

  1. #26
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    Redhot Jumper 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
    Michael 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




    Chris Ryser
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  2. #27
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    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.

  3. #28
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    Blue Jumper This move to get approval by the largest US healthcare insurance ....................

    Quote Originally Posted by Lab Insight View Post

    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
    Chris Ryser
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  4. #29
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    Quote Originally Posted by Chris Ryser View Post
    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? They haven't been in the game for very long yet. Hold out and raise your stock value.

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    Redhot Jumper Why sell out so soon? .............................

    Quote Originally Posted by Lab Insight View Post

    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.
    Chris Ryser
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  6. #31
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    Redhot Jumper .....................on second thought

    Quote Originally Posted by Lab Insight View Post

    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 ?
    Chris Ryser
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  7. #32
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    Quote Originally Posted by Chris Ryser View Post
    ,


    .....................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 ?
    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.

    Canada

    In late 2007, VSP began to venture into Canada where it had served only Canadian-based employees of U.S. firms. By 2012, VSP covered approximately 2,000 Canadians. In 2013, VSP Vision Care Canada entered into a partnership with FYidoctors, a private, optometry-owned eyecare provider with more than 400 optometrists at 212 locations throughout Canada. VSP would market, sell and administer its vision care insurance platform to employers across Canada.

  8. #33
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    Redhot Jumper .................by checking the Montreal area on their website, .........


    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.
    Chris Ryser
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  9. #34
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    Quote Originally Posted by Chris Ryser View Post
    .................by checking the Montreal area on their website, they show a total of three ODs being members, and that is not a famous amount.
    FYI or VSP?

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    Quote Originally Posted by Lab Insight View Post

    FYI or VSP?

    Sorry about that.............it should have had the link included: FYI

    https://www.google.ca/search?tbm=lcl...,lf:1,lf_ui:10
    Chris Ryser
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    Quote Originally Posted by Chris Ryser View Post
    Sorry about that.............it should have had the link included: FYI

    https://www.google.ca/search?tbm=lcl...,lf:1,lf_ui:10
    Nothing that is based outside of Keh-Beck ever does well there and we all know why. OSI is the only group to penetrate, but would be just all the others if its home base was based in Toronto or Calgary.

    As for VSP, after almost 7 years in Canada without a peep, doubt it will ever be moved from the back burner.

  12. #37
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    Redhot Jumper .........if the 2 million Advantage beneficiaries will purchase one pair of glasses

    Quote Originally Posted by Lab Insight View Post

    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.
    Last edited by Chris Ryser; 11-25-2018 at 11:54 AM.
    Chris Ryser
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  13. #38
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    Quote Originally Posted by Chris Ryser View Post
    .................by checking the Montreal area on their website, they show a total of three ODs being members, and that is not a famous amount.
    In Quebec .. FYI is brand Visique they have lot more then 3 offices.

  14. #39
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    Quote Originally Posted by oculus View Post

    In Quebec .. FYI is brand Visique they have lot more then 3 offices.


    Thanks............will check them out. They changed it in 2017...last year.
    Chris Ryser
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    Blue Jumper ..........still no huge presence.

    You are correct, I came up with about 19 of them in Quebec.

    ..........still no huge presence.
    Chris Ryser
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  16. #41
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    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










    Chris Ryser
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    http://optochemicals.com............................. http://arcoatings.com

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