3 firms team­ing to re­duce care costs

Buf­fett, Be­zos join in ven­ture

Arkansas Democrat-Gazette - - FRONT PAGE - CAROLYN Y. JOHN­SON

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

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