3. Optum fears Amazon venture will steal its ideas
In the year since the health care world flipped out over the Amazon-Berkshire-JPMorgan Chase health care venture, we’ve learned very little about what it will do.
But now, thanks to a new lawsuit, we know at least one more thing: UnitedHealth Group’s Optum division thinks the triumvirate is a competitor and is worried it will use Optum's trade secrets, Axios’ Bob Herman reports.
Driving the news: Optum is suing a former employee who left Optum to work as an executive doing market research at the still-unnamed “ABC” firm. Optum is alleging that the employee printed documents and went to meetings that detailed Optum’s proprietary information, which he could share with ABC.
- The employee’s main task, according to the lawsuit, was to do “in-depth research focused on the delivery and costs of health care for the over 1 million individuals covered by the health plans of Amazon, Berkshire Hathaway and JPMorgan Chase.”
Between the lines: That is a large part of what Optum does — selling data services, care and pharmacy benefits to employers. But it’s not necessarily revolutionary, and “ABC” is quickly finding out that anyone trying to claim turf in health care will be met with resistance.
Worthy of your time: Read the lawsuit.