Yahoo Finance August 12, 2019
MyWallSt Staff

In January, AppleCEO Tim Cook boldly stated that the iPhone maker’s greatest contribution to mankind would be its health-related services. A bold claim, but one which seems to resonate with other tech companies, too.

It is no secret that the healthcare situation in the U.S. lags behind other developed countries due to lack of coverage, administrative issues, and primary care shortages. However, big tech is looking to change this, as U.S. health spending represents a huge opportunity for them, having totaled $3.7 trillion in 2018 alone.

In July, the Big Four,, Apple, Alphabet, and Microsoft met in Washington, D.C., with representatives from some of the biggest healthcare providers in the country. Spokespeople confirmed that they had committed to helping consumers gain access to their...