Joe.My.God. LGBT News
The Washington Post reports:
Amazon is diving into health care, teaming up with Warren Buffett’s Berkshire Hathaway and the New York bank JPMorgan Chase, to create a company that helps their U.S. employees find quality care “at a reasonable cost.” The business giants offered few details Tuesday and said that the project is in the early planning stage.
“The ballooning costs of (health care) act as a hungry tapeworm on the American economy,” Buffett said in a prepared statement. “Our group does not come to this problem with answers. But we also do not accept it as inevitable. Rather, we share the belief that putting our collective resources behind the country’s best talent can, in time, check the rise in health costs while concurrently enhancing patient satisfaction and outcomes.”
The companies did not say whether the project would expand beyond Amazon, Berkshire or JP Morgan. However, JPMorgan Chase Chairman and CEO Jamie Dimon said, “our goal is to create solutions that benefit our U.S. employees, their families and, potentially, all Americans.”
NEW YORK (AP) – Amazon, Berkshire Hathaway and JPMorgan Chase & Co. to create health care company “free from profit-making incentives “.
— Zeke Miller (@ZekeJMiller) January 30, 2018
Shares of pharmacies, benefit managers & health insurers moving sharply lower in pre-market trading after Amazon, JPM, Berkshire announce partnership on employee health care https://t.co/jo6RmWLEIK pic.twitter.com/FE5IEttono
— CNBC (@CNBC) January 30, 2018
How ridiculous that Berkshire Hathaway, Amazon, and JPMorgan Chase are partnering up to create a non-profit health care company to take care of their employees but our federal government can’t do the same with insurance companies for the American people. Vote Republicans out
— ♻️ Christopher Zullo (@ChrisJZullo) January 30, 2018
Amazon, Berkshire Hathaway and J.P. Morgan are forming a non-profit healthcare venture https://t.co/DrzOutK1Ag
— FORTUNE (@FortuneMagazine) January 30, 2018