Why isn’t Big Tech fixing healthcare?

Published September 21, 2020 10:00am ET



Google is in the process of launching a health insurance subsidiary, Coefficient, in partnership with a Swiss insurance company. To those who’ve been waiting for Big Tech to come to the rescue of our healthcare system, it may sound promising. But you and I likely won’t benefit from it anytime soon. Coefficient will serve employers, not employees — because the former are spending the latter’s healthcare dollars.

Tech companies have transformed the way we shop, travel, date, work, and even think. If the lockdowns were tough, imagine just how much worse they would have been without technology — they would have been practically impossible. At no other point in history has anyone been able to barricade themselves in their home without being dependent on the goodwill of caring friends and family members for their sustenance.

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