3 firms teaming to reduce care costs
Buffett, Bezos join in venture
Three major employers — Amazon, Berkshire Hathaway and JPMorgan Chase — announced Tuesday they were partnering to create an independent company aimed at reining in health care costs.
There were almost no details available about how the company would function or how it would disrupt and simplify the complicated fabric of American health care. But there’s no doubt that the companies, which collectively employ more than 1 million workers worldwide, have a real interest in ratcheting down their spending on health care. Health care premiums are split between employers and employees and have been growing much faster than wages.
Major health company stock prices tumbled on the news, putting the market on pace for the biggest two-day decline since May, and the announcement stirred excitement — and